ATM is considered as Computer hence Higher Depreciation rate allowed

CIT Vs NCR Corporation Pvt. Ltd. (Karnataka High Court) The issue under consideration is whether the ATM can be considered as computer and charged higher rate of depreciation? In the present case, the assessee is engaged in the business of manufacture of automated teller machines (ATMs) and distribution of NCR book products and commissions in India. AO held that ATMs cannot be termed as computers and therefore are eligible for depreciation to the extent of 25% and not at 60%. Being aggrieved, the assessee preferred an appeal. High Court states that so long as functions of the computers are per...