UPS Depreciation Rate Set at 60% When Used with ATMs or Computers, Assessing Officer to Verify Usage.

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....Rate of depreciation on UPS - UPS also can be considered as a computer if it is connected to the ATM Machine or a Computer and depreciation thereon is allowable at 60%. AO is directed to verify if the UPS are used for the functioning of the ATM and allow depreciation accordingly. - AT....