https://www.taxtmi.com/caselaws?id=358016 UPS, cash dispenser and ATM switch used as part of an integrated computer-driven banking system may qualify for depreciation at the higher rate applicable to computers and computer peripherals, subject to factual verification of their use. Interest on non-performing assets is treated as taxable only on receipt, not on mere accrual, where real income has not arisen and RBI prudential norms support receipt-based recognition; section 43D does not require accrual taxation on these facts. The discussion therefore turns on functional integration for depreciation and real income principles for NPA interest. en-us Wed, 28 Mar 2018 00:00:00 +0530 Wed, 04 Apr 2018 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358016 UPS, cash dispenser and ATM switch used as part of an integrated computer-driven banking system may qualify for depreciation at the higher rate applicable to computers and computer peripherals, subject to factual verification of their use. Interest on non-performing assets is treated as taxable only on receipt, not on mere accrual, where real income has not arisen and RBI prudential norms support receipt-based recognition; section 43D does not require accrual taxation on these facts. The discussion therefore turns on functional integration for depreciation and real income principles for NPA interest. Case-Laws Income Tax Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358016