https://www.taxtmi.com/caselaws?id=65399 The Tribunal dismissed the Revenue's appeal and partially allowed the assessee's appeal. It upheld the CIT(A)'s decisions on VSAT uplinking charges, global account manager expenses, foreign exchange fluctuation loss, and depreciation on computers due to foreign exchange fluctuation. The Tribunal also allowed a higher depreciation rate for computer peripherals, recognizing them as integral to computers. However, it remanded the issue of leasehold improvements and temporary erections to the AO for further examination to distinguish between capital and revenue expenditures. en-us Fri, 29 Aug 2008 00:00:00 +0530 Sun, 10 Dec 2023 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65399 The Tribunal dismissed the Revenue's appeal and partially allowed the assessee's appeal. It upheld the CIT(A)'s decisions on VSAT uplinking charges, global account manager expenses, foreign exchange fluctuation loss, and depreciation on computers due to foreign exchange fluctuation. The Tribunal also allowed a higher depreciation rate for computer peripherals, recognizing them as integral to computers. However, it remanded the issue of leasehold improvements and temporary erections to the AO for further examination to distinguish between capital and revenue expenditures. Case-Laws Income Tax Fri, 29 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65399