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2012 (6) TMI 158 - AT - Income TaxAddition u/s 14A - Rule 8D of I.T. Rules - Held that: assessee failed to discharge the onus placed upon them in establishing that the borrowed funds had indeed been utilized for the purpose of their business purposes nor the assessee proved that the aforesaid investment had been made in the shares out of their own interest free fund - Decided in favor of the revenue by way of remand to CIT(A) Regarding disallowance of excess depreciation on computer peripherals - in the case of Income Tax Officer vs. Samiran Majumdar (2005 -TMI - 60148 - ITAT CALCUTTA-B), held that the printer and scanner are integral part of the computer system and, therefore, entitled to higher rate of depreciation @ 60 per cent - Decided in favor of the assessee
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