https://www.taxtmi.com/highlights?id=52459 Disallowance of depreciation claimed on Automated Teller Machines (ATM) - @ 15% OR 60% - the test would be: Does an ATM fulfil the functions of a Computer in the business activity of an assessee? Is it a tool of his trade with which it carries on his business? - AO directed to allow depreciation @60% - AT en-us Fri, 20 Mar 2020 15:30:25 +0530 Fri, 20 Mar 2020 15:30:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52459 Disallowance of depreciation claimed on Automated Teller Machines (ATM) - @ 15% OR 60% - the test would be: Does an ATM fulfil the functions of a Computer in the business activity of an assessee? Is it a tool of his trade with which it carries on his business? - AO directed to allow depreciation @60% - AT Highlights Income Tax Fri, 20 Mar 2020 15:30:25 +0530 https://www.taxtmi.com/highlights?id=52459