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2015 (10) TMI 1371 - AT - Income TaxRoyalty paid for using the brand name “Cryo Bank” - revenue or capital expenditure - Held that:- As per various clauses of license agreement the assessee was to pay at the time of entering of agreement certain amounts cover equipment and training and further it was required to pay regular annual royalty on all domestic sales which was to be calculated on the basis of turnover. The Ld CIT(A) therefore has rightly held the payment to be of revenue nature and has rightly allowed the relief. See case of Climate Systems India Ltd. [2009 (10) TMI 116 - DELHI HIGH COURT] - Decided in favour of assessee Depreciation on computer peripherals - @ 15% or 60% - Held that: - Computer accessories and peripherals such as, printers, scanners and server etc. form an integral part of the computer system. In fact, the computer accessories and peripherals cannot be used without the computer. Consequently, as they are the part of the computer system, they are entitled to depreciation at the higher rate of 60%. See case of BSES Rajdhani Powers Ltd. [2010 (8) TMI 58 - DELHI HIGH COURT] - Decided in favour of assessee
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