Only on computer 60% depreciation is allowed not on networking equipment


Last updated: 29 May 2012

Court :
INCOME TAX APPELLATE TRIBUNAL

Brief :
On the facts and in the circumstances of the case and in law, the Ld. CIT(A) has erred in directing the Assessing Officer to allow depreciation @ 60% on ITG Networking equipments as against 25% allowed by the Assessing Officer

Citation :
M/s Microsoft Corporation India Pvt. Ltd., F-40, NDSE Part-I, New Delhi. PAN: AAACM5586C (Appellant) Vs. Dy. Commissioner of I.Tax, Circle 6(1), New Delhi. (Respondent)

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CS Bijoy
Published in Income Tax
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