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2023 (7) TMI 1267 - ITAT CHENNAIDepreciation on ATMs - to be treated as computers or plant and machineries - @15% or 40% - HELD THAT:- As identical issue has been considered by the tribunal in assessee’s own case for assessment year 2017- 18 [2022 (8) TMI 1414 - ITAT CHENNAI] where the Tribunal by following its earlier order for assessment years 2015-16 & 2016-17, held that ATM machines are entitled for higher depreciation of 60% as against normal depreciation of 15% allowed by the Assessing Officer. We direct the AO to allow higher depreciation of 40% as claimed by the assessee on ATM machine - Decided in favour of assessee.
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