2014 (11) TMI 933

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....y R. Sudhakar,J.) This Tax Case (Appeal) is filed by the Revenue as against the order of the Income Tax Appellate Tribunal raising the following substantial questions of law: "1. Whether on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal was right in holding that printers and scanners are eligible for depreciation at 60% at the rates applicable to computers ....

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....essee vide letter dated 29.05.2008 requested to treat the income already filed by it. The Assessing Officer rejected the contention of the assessee and held that printing machinery are to be treated as normal machinery, entitled to depreciation at 25% and hence, the excess depreciation was disallowed. Aggrieved by the said order, the assessee filed an appeal before the Commissioner of Income Tax (....

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....he Department. There is no dispute on the fact that the printer and scanner is used as an office equipment in business and that is part and parcel of the computer system as decided by the Tribunal in all the subsequent assessment years viz., 2003-04, 2004-05 and 2005-06. The Commissioner of Income Tax (Appeals) as well as the Tribunal have consistently taken the view that the printer and scanner s....