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2012 (3) TMI 31 - AT - Income TaxWeighted Deduction - Automobile Industry notified 21.09.04 - Held That:- In view of CIT v. Claris Life Science (2008 - TMI - 201802 - Gujarat High Court), dis allowance confirmed. Subscription Charge not treated as Business Expenditure - Held That:- In view of Sundaram Industries(1999 -TMI - 15776 - MADRAS High Court), disallowance deleted. TDS - Machining Charges - Re-imbursement of actual expense - Payment for job work and no fee for technical service - Held That:- Expenditure is nothing but repairs and rework of the defective brake linings exported by the assessee. Payment does not fall within the category of ‘fee for technical services’ nor does it fall with the term ‘royalty. In view of Transmission Corporation (1999 - TMI - 5757 - SUPREME Court), no liability to deduct TDS. Additional depreciation - machinery installed in immediately p/y used more than 180 days - only 50% additional depreciation claimed - Held That:- The provisions of section 32 of the Act do not provide for carry forward of the residual additional depreciation, if any. order of CIT(A) confirmed. UPS depreciation under "Plant & Machinery OR Computer" - Held That:- Surface Finishing and Equipment (2003 - TMI - 68566 - ITAT JODHPUR), classified as Computer, eligible for higher rate of depreciation.
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