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…

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