https://www.taxtmi.com/caselaws?id=308873 The Tribunal partly allowed the appeal by condoning the delay in filing due to the COVID-19 pandemic, directing the Assessing Officer to allow 60% depreciation on Automated Teller Machines (ATMs) based on their computer-like functions, and confirming the addition towards cessation of liability under section 41(1) of the Income Tax Act due to lack of evidence provided by the assessee. The order was pronounced in Chennai on 24th August 2022. en-us Wed, 24 Aug 2022 00:00:00 +0530 Sat, 29 Jul 2023 08:13:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308873 The Tribunal partly allowed the appeal by condoning the delay in filing due to the COVID-19 pandemic, directing the Assessing Officer to allow 60% depreciation on Automated Teller Machines (ATMs) based on their computer-like functions, and confirming the addition towards cessation of liability under section 41(1) of the Income Tax Act due to lack of evidence provided by the assessee. The order was pronounced in Chennai on 24th August 2022. Case-Laws Income Tax Wed, 24 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308873