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2012 (11) TMI 1151 - AT - Income TaxSection u/s 145 - Held that:- Assessee has treated the amount in question as unearned income, whereas; per Revenue, section 145(2) is applicable and he amount in question has to be treated as income of the current year. Expenditure incurred by the assessee in foreign currency towards bandwidth charges paid to a non-resident - Held that:- Payments in question made by the assessee cannot be subjected to the applicability of TDS provisions contained in the “Act”. Depreciation @ 100% on addition made to furniture and fittings disallowed - Held that:- Assessing Officer did not consider the vital aspects of the issue i.e. nature of expenditure incurred on acquisition of assets. In appeal, same have been taken note by the CIT(A) and accordingly, necessary directions have been issued to the Assessing Officer.
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