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2014 (5) TMI 621 - AT - Income TaxDisallowance on account of depreciation on computer accessories – Held that:- Following CIT vs. BSES Rajdhani Powers 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 - the computer accessories and peripherals cannot be used without the computer - they are the part of the computer system, they are entitled to depreciation at the higher rate of 60% - Decided against Revenue. Disallowance u/s 14A r.w. Rule 8D of the Rules – Dividend income - Held that:- The assessee has maintained all through that no expenses were incurred for earning the exempt income by way of dividend – relying upon Assistant Commissioner of Income Tax Circle 10, Kolkata Versus Champion Commercial Co Ltd [2012 (10) TMI 24 - ITAT, KOLKATA] - the AO did not return a finding that the claim of the assessee that no expenses had been incurred for earning the exempt income, was incorrect - She merely held that administrative expenses had to be incurred for earning of exempt income also - The rejection of the assessee’s claim in this manner is found to be improper and the CIT (A) correctly reversed the action of the AO by deleting the disallowance made – there was no error in the order of the CIT(A) – Decided against Revenue.
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