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2010 (12) TMI 708 - AT - Income TaxRevision u/s 263 - Rule 8 of ITAT Rules - Depreciation - Disallowance u/s 14A - assessee company at the relevant time was mainly engaged in Information Technology related activities with special emphasis on data processing/software development with the use of CRS in India - AO has issued a show cause notice u/s 142 of the Income Tax Act and called for a number of information - It is true that discussion in the asstt. order in respect of these items is not discernable, but it is equally true that AO has called for the information and these have been supplied by the assessee - The disallowance is to be made on actual expenses which Ld. Commissioner has not specified either in the show cause notice or ultimately in the order. Similarly depreciation on computer and computer peripherals is admissible @ 60% - Appeal is allowed
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