High Court Affirms ITAT Ruling: Items Under Rs. 5000 Get 100% Depreciation, Not 25%, as Separate Units.

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....Whether ITAT is legally correct in holding that each item below Rs.5000/- is a self unit and, therefore, the depreciation @ 100% is allowable in place of 25%, ignoring the fact that these items are parts of a bigger composite unit where all expenditure to bring the assets into working conditions is to be included in determining the actual cost of fixed asset for the purpose of grant of depreciation - held yes - HC....