Disallowance of depreciation claimed on Automated Teller ...

Depreciation on ATMs: Recognized at 60% as ATMs function like computers in business operations.

March 20, 2020

Case Laws Income Tax AT

Disallowance of depreciation claimed on Automated Teller Machines (ATM) - @ 15% OR 60% - the test would be: Does an ATM fulfil the functions of a Computer in the business activity of an assessee? Is it a tool of his trade with which it carries on his business? - AO directed to allow depreciation @60% - AT

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Disallowance of depreciation claimed on Automated Teller ...

Depreciation on ATMs: Recognized at 60% as ATMs function like computers in business operations.

March 20, 2020

Case Laws Income Tax AT

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