2017 (1) TMI 1859

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....Mr. J. Narayanasamy Standing Counsel For the Respondent : Mr. J. Balachandren COMMON JUDGMENT (JUDGMENT OF THE COURT WAS DELIVERED BY DR. ANITA SUMANTH, J.,) The above Tax Case Appeals are preferred by the Revenue under Section 260A of the Income Tax Act, 1961, calling in question the correctness of the order, dated 6.7.2007, passed by the Income Tax Appellate Tribunal, Chennai, in I.T....

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....% depreceiation on electrical installations, when the maximum depreciation allowable on furniture and fittings during the relevant period was only 15%?" 3. Heard Mr. J. Narayanasamy, learned Standing Counsel appearing for the appellant and Mr. J. Balachandren, learned counsel appearing for the assessee. 4. The first substantial question of law is covered in favour of the assessee by a judgme....

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....0 ITR 1). The Bench concludes that electrical installations, wiring for lighting, installation of call bell indicators/buzzers/door locks, etc., would qualify as furniture and fittings entitled to depreciation at the rate of 10%. 6. In the present case, the assessing officer has granted depreciation of 15% as against 25% claimed by the assessee. Incidentally, we note that as per the relevant ap....