Computers and Computer Peripherals are Eligible for Depreciation of 60%: ITAT [Read Order]

Computers and Computer Peripherals - Eligible for Depreciation - ITAT - TAXSCAN

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the computers and computer peripherals would be eligible for depreciation of 60%. The assessee, Owens Corning’s Industries (India) Private Limited, claimed depreciation of 60% on computer and software. Assessing Officer was of the opinion that all the assets included under computers were not…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader