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2015 (2) TMI 394 - AT - Income TaxDepreciation @ 60% on UPS treating it as part of computers - Held that:- Following the order of the Chennai Bench of the Tribunal in the case Sundaram Asset Management vs. DCIT [2014 (2) TMI 224 - ITAT CHENNAI], we hereby hold that UPS is to be treated as part of the computer and the depreciation is to be allowed accordingly, thereby we confirm the order of the Ld. CIT (A) - Decided in favour of assessee. Applicability of Sec.40 (a)(i) with respect to reimbursement of communication expenses paid to non-residents and expenditure on managing sales affairs outside India - Held that:- As there is no income earned by Respondentassessee which is subject to tax but is only a reimbursement of communication expenses paid to non-residents, no dis-allowance warranted. See DIT(IT)-1 V. WNS Global Services (UK) Ltd [2013 (10) TMI 215 - BOMBAY HIGH COURT]. - Decided in favour of assessee. For expenditure on managing sales affairs outside India the assessee paid certain amounts to overseas agents for procurement of export orders. The agents have not provided any managerial/technical services. The payments received by the nonresident Indian are not taxable in India, thus Sec.195 have no application to assessee’s case. See ACIT V. Farida Shoes (P) Ltd [2013 (11) TMI 907 - ITAT CHENNAI] - Decided in favour of assessee.
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