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2014 (11) TMI 1088 - ITAT DELHIDeduction u/s 10A/10B - income from sale of scrap and interest income on loans to employees - Held that:- Bangalore Bench of the Tribunal in the case of Wipro Ltd. [2005 (6) TMI 210 - ITAT BANGALORE-B]considered an identical issue and held income received from the sale of scrap is eligible for deduction u/s 10A. As regards interest income received on loan advances to the employees the issue is covered by the judgment in the case of CIT vs. Motorola India Electronics (P) Ltd. [2014 (1) TMI 1235 - KARNATAKA HIGH COURT] to hold interest income on account of loans advances to the employees is eligible for deduction u/s 10A/10B of the Act. Entitlement for depreciation on computer peripherals @ 60% - Held that:- Jurisdictional High Court in the case of CIT vs. BSES Rajdhani Power Ltd. (2010 (8) TMI 58 - DELHI HIGH COURT) had held that the computer accessories such as printers scanners and server etc. form an integral part of computer and was entitled to depreciation @ 60%.
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