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2013 (11) TMI 129 - AT - Income TaxDisallowance on account of advertisement expenses – Held that:- There is no concept of "deferred revenue expenditure" in the Income-tax Act. The expenditure is either "revenue" or "capital" in nature. If the expenditure is of revenue nature and is incurred wholly or exclusively for the purpose of business and has been incurred during the year, the same is allowable expenses - the advertisement expenses was allowable as revenue expenditure. Disallowance of depreciation on printers and scanners – Held that:- Following CIT v. BSES Yamuna Power Ltd. [2010 (8) TMI 58 - DELHI HIGH COURT] - Computer accessories and peripherals such as, printers, scanners and server, etc., form an integral part of the computer system as they cannot be used without the computer. Hence, the same are part of the computer system and entitled to depreciation at the higher rate of 60 percent – Decided against Revenue.
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