assessee.
Accordingly, this ground of assessee is allowed.
(V) Depreciation on UPS at 80% instead of 60%:
The AO disallowed an amount ... excess depreciation claimed
on UPS on the contention that UPS is not an energy saving device and only a part of
general plant and machinery
Addition on account of Ground No.3 -
unutilized MODVAT credit
Depreciation on UPS Ground No.2 Ground No.2
Transfer Pricing Adjustment - Ground
Addition on account of Ground No.3 -
unutilized MODVAT credit
Depreciation on UPS Ground No.2 Ground No.2
Transfer Pricing Adjustment - Ground
Addition on account of Ground No.3 -
unutilized MODVAT credit
Depreciation on UPS Ground No.2 Ground No.2
Transfer Pricing Adjustment - Ground
Addition on account of Ground No.3 -
unutilized MODVAT credit
Depreciation on UPS Ground No.2 Ground No.2
Transfer Pricing Adjustment - Ground
Addition on account of Ground No.3 -
unutilized MODVAT credit
Depreciation on UPS Ground No.2 Ground No.2
Transfer Pricing Adjustment - Ground
disallowance of excess
depreciation claimed with respect to UPS and electrical installations
Disallowance of claim of deduction under section 801B of the Act.
Specific Grounds ... facts of the present
case.
Grounds relating to depreciation on UPS
1. The Ld. AO/ Hon'ble DRP has erred in considering UPS
various power backup and conditioning systems such as Uninterrupted
Power Supply (UPS)/Inverter/Constant Voltage Transformer falling under
chapter 85 of the First Schedule ... Switches, etc, all of which were some parts required for
manufacture of UPS/Inverter/Constant Voltage Transformer. Shri Shakeeb,
working with M/s. XPSPL
Indian Overseas Bank,Chennai vs Dcit,Ltu(2), Chennai on 31 January, 2025
आयकर अपीलीय
learned CIT(A) has erred in allowing the depreciation @ 60%
on UPS holding it as part of computer as against 15% allowed by the
Assessing ... CHNY/2018
excess depreciation on UPS. The AO has disallowed excess
depreciation claimed on UPS at the rate of 60% on the ground
that UPS
