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Income Tax Appellate Tribunal, DELHI BENCHES : B : NEW DELHI
Before: SHRI R.S. SYAL, AM & SHRI A.T. VARKEY, JM
This appeal by the Revenue arises out of the order passed by the CIT(A) on 6.12.2013 in relation to the assessment year 2006-07.
The only issue raised is against allowing of depreciation at 60% on Point of Sales systems (POS) by holding the same to be computers.
We have heard the parties and perused the relevant material on record. The ld. AR has brought to our notice a copy of the order passed by the Tribunal in the assessee’s own case for the A.Y. 2003-04 in which it has been held that 60% depreciation is exigible on POS machine. Similar view has been taken by the Tribunal in the assessee’s own cases for the A.Ys. 2004-05, 2007-08, 2008-09 and 2009-10. Copies of such orders are available on record. The only intervening year, namely, A.Y. 2006-07 involving similar issue is before us.
Respectfully following the precedent, we approve the action of the ld. CIT(A) in allowing higher depreciation on POS machine of the assessee.
In the result, the appeal of the Revenue stands dismissed.
Order Pronounced in the open Court on 10.03.2016.