Bank's Appeal for Higher Depreciation on EPABX & Mobile Phones Dismissed; Prior Period Expenditure Disallowance Upheld

The Kerala HC dismissed the bank's appeal seeking higher depreciation on EPABX and mobile phones, ruling they are not eligible for 60% depreciation as computers. The Tribunal upheld disallowance of prior period expenditure due to insufficient evidence. The appeal was rejected without finding any substantial question of law.

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The Kerala High Court dismissed the appeal filed by the appellant-bank regarding higher depreciation claim on EPABX and mobile phones, as they are not considered computers eligible for 60% depreciation. The Tribunal also confirmed disallowance of prior period expenditure due to lack of evidence. The appeal was rejected, and no substantial question of law was found.

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