Dismissing the appeal of the revenue the Court held that ATM can be regarded as a computer and thus it is eligible for higher rate of depreciation, i.e., at rate of 60 per cent . (AY. 2003-04)
CIT v. NCR Corporation (P.) Ltd. (2020) 274 Taxman 139 / 193 DTR 66 (Karn)(HC)
S. 32 : Depreciation – ATM can be regarded as computer – Eligible depreciation at rate of 60 % .