https://www.taxtmi.com/caselaws?id=393658 ATMs were treated as computers for income-tax depreciation because the decisive test was their functional role in business, not their classification under sales tax law. The equipment was found to perform logical, arithmetic and memory functions through embedded computer systems and software, and to operate only as part of a computer-linked network. The contrary sales tax view was held inapplicable because the two enactments are not pari materia. The tribunal also followed the assessee's own earlier-year decision and allowed depreciation at 60% on ATMs. en-us Tue, 17 Mar 2020 00:00:00 +0530 Fri, 20 Mar 2020 13:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393658 ATMs were treated as computers for income-tax depreciation because the decisive test was their functional role in business, not their classification under sales tax law. The equipment was found to perform logical, arithmetic and memory functions through embedded computer systems and software, and to operate only as part of a computer-linked network. The contrary sales tax view was held inapplicable because the two enactments are not pari materia. The tribunal also followed the assessee's own earlier-year decision and allowed depreciation at 60% on ATMs. Case-Laws Income Tax Tue, 17 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393658