Delhi High Court Directs to Take Down YouTuber 'Defamatory' Video on Sadhguru, Isha Foundation  ||  Bombay HC Upholds Suspension of TISS Student for Participating in Anti-National' Activities  ||  Ker. HC: Eviction Can be Overturned Only When Subsequent Events Completely Negate Landlord’s Needs  ||  Delhi HC: Enquiry u/s 11 of A&C Act Limited to Existence of Arbitration Agreement  ||  Bom HC: DGP to Investigate ‘False Rape Cases Racket’ Allegedly Run by Cop and Women Lawyers  ||  Ker. HC: Even If No Offence Revealed During Probe, CBI Can File Final Report  ||  Ker. HC: When Acts Constitute Offence, Shutting Doors of Criminal Court would be Travesty of Justice  ||  AP HC: Order of License Suspension Can’t Partake Character of License Cancellation  ||  P&H HC: It is Mortgagee’s Inherent Right to Put Property on Public Auction on Failure of Payment  ||  J&K High Court: Courts Can’t Compel Employer to Extend Contractual Relationship Once it Ends    

ITAT, Chennai Allows Depreciation on ATMs - (23 Mar 2020)

DIRECT TAXATION

Income Tax Appellate Tribunal (ITAT), Chennai has held that the Automated Teller Machines (ATM) would be eligible for the higher rate of depreciation as these machines can be treated as “Computers” for the purpose of Section 32 of the Income Tax Act, 1961.

Tags : INCOME TAX APPELLATE TRIBUNAL   DEPRECIATION ON ATM  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved