EPABX & mobile phones are not computers for higher depreciation

Federal Bank Ltd. Vs ACIT (Kerala High Court)

Kerala High Court dismisses Fed. Bank’s appeal, ruling against 60% depreciation on EPABX and mobile phones. No merit found in prior period expenditure dispute.

The assessee claimed higher depreciation at 60 per cent on EPABX and mobile phones claiming them to be computer. High Court ruled in the favour of Revenue and held that EPABX and mobile phones are not computers and, hence, higher depreciation at rate of 60% is not allowable on such equipment’s.

FULL TEXT OF THE JUDGMENT/ORDER OF KERALA HIGH COURT

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