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2014 (5) TMI 399 - BOMBAY HIGH COURTAddition to be sustained or not - Accrual of income - Advisory fees – Difference between the amount of investment advisory fees computed – Maximum rates specified under regulation 52(2) of the Securities and Exchange Board of India (Mutual Fund) Regulation – Held that:- Franklin Templetion Asset Management (India) Pvt. Ltd. [2011 (9) TMI 39 - BOMBAY HIGH COURT] - the Tribunal's view cannot be said to be suffering from any perversity or error of law apparent on the face of the record - The revenue has been unable to point out anything to the contrary or order of the superior Court – thus, no substantial question of law arises for consideration – Decided against Revenue. Depreciation at 60% on peripheral devices – Held that:- Tribunal was rightly of the view that all the items that are referred to in the order of the AO are used along with the computer system of the assessee company - the peripherals are used in the computer - the components are ancillary and used along with the computer – Decided against Revenue.
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