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2015 (10) TMI 1601 - AT - Income TaxDisallowance of employees' contribution of provident fund under section 36(1)(va) - Held that:- Though it is a fact that the assessee has remitted the employees' contribution to provident fund not within the due date as prescribed under the Explanation to section 36(1)(va), however, the assessee has remitted the amount within the due date of filing of return of income under section 139(1) of the Act. Therefore, in view of the provisions of section 43B the amount cannot be disallowed. Accordingly, we delete the addition made by the Assessing Officer. - Decided in favour of assessee. Restricting the depreciation on UPS at 15 per cent - Held that:- We hold that UPS being part and parcel of computer system, depreciation allowable on UPS is at 60 per cent. as prescribed for computers. There are number of decisions of different Benches of the Income-tax Appellate Tribunal including Hyderabad Benches expressing similar view. In the aforesaid view of the matter, we allow the assessee's claim of depreciation at 60 per cent.- Decided in favour of assessee. Computation of deduction under section 10A - Held that:- We direct the Assessing Officer to compute deduction under section 10A of the Act by reducing internet charges and onsite expenses both from export turnover and total turnover. - Decided in favour of assessee.
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