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2010 (6) TMI 458 - AT - Income TaxDepreciation - Composite purchase of various assets - Held that: the hardware under question, involved in the execution of the printing processes by the assessee, does not qualify to be categorized as ‘computers’ and, thus, not eligible for a higher rate of depreciation in its respect. Claim of abour charges - services provided by the supplier of goods - Payment without TDS - dis allowance u/s 40(a)(ia)- As such, it is difficult to say that the contract is for the supply of labour or for work, and would rather fall to be categorized as one for purchase of goods, though on which some labour work stands performed - The assessee is buying goods in the processed form, and it is not the Revenue’s case that material stands bought in the unprocessed form at first stage and then given for job work - There is no finding in the present case by any of the authorities below quo existence of a separate contract in respect of labour work - Disallowance made by AO deleted.
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