https://www.taxtmi.com/caselaws?id=407749 The Tribunal dismissed the appeal of the assessee concerning the disallowance of excess claim of depreciation on mobile phones. The Tribunal upheld the decision of the Hon'ble Kerala High Court, which determined that depreciation on mobile phones should be allowed at a rate of 15% as they are not classified as computers. The Tribunal emphasized that if a mobile phone's functionality is comparable to or surpasses that of a computer, it may be considered a computer for depreciation purposes. However, as no evidence was presented in this case, the Tribunal affirmed the 15% depreciation rate for mobile phones based on the Kerala High Court's ruling. en-us Tue, 30 Mar 2021 00:00:00 +0530 Thu, 20 May 2021 14:55:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407749 The Tribunal dismissed the appeal of the assessee concerning the disallowance of excess claim of depreciation on mobile phones. The Tribunal upheld the decision of the Hon'ble Kerala High Court, which determined that depreciation on mobile phones should be allowed at a rate of 15% as they are not classified as computers. The Tribunal emphasized that if a mobile phone's functionality is comparable to or surpasses that of a computer, it may be considered a computer for depreciation purposes. However, as no evidence was presented in this case, the Tribunal affirmed the 15% depreciation rate for mobile phones based on the Kerala High Court's ruling. Case-Laws Income Tax Tue, 30 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407749