ACIT, CHENNAI vs. ROYAL SUNDARAM ALLIANCE INSURANCE COMPANY LIMITED, CHENNAI

In the result, the appeals filed by both the Revenue and the assessee are partly allowed

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George

145 ITD 17. 55. The next issue arises for consideration is depreciation on EPABX. This issue arises for consideration in the assessee’s appeals for assessment years 2006-07, 2007-08 and 2008-09. 56. Shri Percy J. Pardiwalla, the Ld. Sr. counsel for the assessee, submitted that EPABX is part and parcel of computer, therefore, eligible for depreciation

M/S. ROYAL SUNDARAM ALLIANCE INSURANCE COMPANY LIMITED,CHENNAI vs. ACIT, CHENNAI

In the result, the appeals filed by both the Revenue and the assessee are partly allowed