Adarsh Coopertaive Urban Bank Ltd. Vs ACIT (ITAT Hyderabad)
ATM is a computer telecommunication device that allows Bank Customers to access banking at places other than the normal bank without having to take the trouble to go to the Bank in person and collect the cash as is done under the conventional method of withdrawing money from the Bank and that the ATM Machines are computerized machines which not only allow the customers to withdraw money but they can check the account balance, pay bills, purchase goods and services and therefore, unless it is computerized and linked with the main server, it is not possible to operate the ATM. Assessee is eligible for depreciation @ 60% on ATM and other related accessories.
In the case of DCIT vs. Datacraft India Ltd (cited Supra), the Hon’ble Special Bench of the Tribunal at Mumbai was considering whether computer accessories & peripherals such as routers and switches can be classified as computer hardware, when they are used along with a computer and it was held that when their functions are integrated with a ‘computer’ and when a device is used as part of the computer in its functions, then it would be termed as a computer.
Comments are closed.