Case Law Details
Case Name : Federal Bank Ltd. Vs. ACIT (2011) 332 ITR 319 (Kerala High Court)
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All High Courts Kerala High Court
Federal Bank Ltd. Vs. ACIT (2011) 332 ITR 319 (Kerala High Court)- On this issue, the High Court held that the rate of depreciation of 60% is available to computers and there is no ground to treat the communication equipment as computers. Hence, EPABX and mobile phones are not computers and therefore, are not entitled to higher depreciation at 60%.
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The rate of dep of 60% is now reduced to 40%.
sir,could you please tell the rate to be used for depreciating EPABX ?