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2018 (7) TMI 1554 - AT - Income TaxDepreciation on UPS and computer peripherals etc. @ 60% - Held that:- Since the CIT(A) in the present appeal while granting higher rate of depreciation at the rate of 60% on computer accessories and UPS has followed the decision in the case of BSES Yamuna Powers Ltd. (2010 (8) TMI 58 - DELHI HIGH COURT), therefore, in absence of any contrary material brought to our notice, the order of the ld. CIT(A) on this issue is upheld and the ground raised by the Revenue is dismissed. Disallowance u/s 14A - CIT-A deleted addition holding that no expenses could be attributed for earning dividend income in the current year - Held that:- it cannot be said that no administrative or supervisory effort has been undertaken - some expenditure must be attributed towards earning of the dividend income. However, the disallowance at the rate of 10% of the dividend income by the Assessing Officer appears to be on the higher side - the disallowance of 5% of the dividend income towards administrative expenses will be justified under the facts of the case. We, therefore, restrict the disallowance to 5% of the dividend income. - Decided partly in favour of revenue Deduction u/s 80JJA - assessee not only failed to make such claim of deduction in the return of income but also failed to substantiate the same with documentary evidence in assessment proceedings - Held that:- We find the assessee had not filed the requisite details before the Assessing Officer during the course of assessment proceedings which has been clearly brought on record by the Assessing Officer in the body of the assessment order. We find although the ld. CIT(A) has examined certain details filed before him, however, he has neither called the Assessing Officer during the hearing of the appeal nor called for a remand report from the Assessing Officer. Thus, in effect the Assessing Officer was not given any opportunity of being heard before the appeal was decided in favour of the assessee. Under these circumstances, we find merit in the argument of the ld. DR that the matter should be restored to the file of the Assessing Officer with a direction to examine the details Not allowing the claim of the appellant for the higher depreciation on energy saving devices containing voltage stabilizer & UPS etc - Held that:- CIT(A) rejected the claim of the assessee on the ground that the main output achieved through the voltage stabilizer and UPS is uninterrupted supply of electricity that requires maintaining optimum voltage for allowing the machinery to function at the optimum level throughout and the objective is not to save energy but to ensure regular supply of electricity. We do not find any infirmity in the order of the CIT(A) treating the UPS and voltage stabilizer as part of the electric installation. We, therefore, uphold the same and the ground raised by the assessee in its Cross Objection is dismissed.
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