Dismissing the appeal of the revenue the Court held that , all equipment formed part of Life Saving Equipment .Denial of depreciation on computer is held to be not proper . Accordingly depreciation @ 40 % is allowed on computer. ( AY.2012-13)
CIT v. Vasantha Subramanian Hospitals Pvt. Ltd (2018) 408 ITR 176 /258 Taxman 396/ 172 DTR 423/ ( 2019) 307 CTR 569(Mad) (HC)
S.32: Depreciation — Rate of depreciation —All equipment formed part of Life Saving Equipment —Denial of depreciation on computer is held to be not proper [ ITRules 1962, Appex. I, Part A Iii 3(Xia)(D).]