https://www.taxtmi.com/caselaws?id=121530 The Tribunal upheld the CIT(A)'s decisions, granting the assessee the deduction under section 80-IA for profits from rolling stock, affirming that rolling stock is part of the rail system. However, the deduction for income from Inland Container Depots (ICDs) was denied as ICDs do not qualify as "inland ports." The Tribunal also agreed with the CIT(A) on allowing a 60% depreciation rate on computer peripherals and accessories, treating them as part of the computer system. The disallowance of earlier year expenses for the assessment year 2004-05 was not pursued further. All appeals by the assessee and revenue were dismissed. en-us Fri, 27 Feb 2009 00:00:00 +0530 Fri, 27 Oct 2023 09:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121530 The Tribunal upheld the CIT(A)'s decisions, granting the assessee the deduction under section 80-IA for profits from rolling stock, affirming that rolling stock is part of the rail system. However, the deduction for income from Inland Container Depots (ICDs) was denied as ICDs do not qualify as "inland ports." The Tribunal also agreed with the CIT(A) on allowing a 60% depreciation rate on computer peripherals and accessories, treating them as part of the computer system. The disallowance of earlier year expenses for the assessment year 2004-05 was not pursued further. All appeals by the assessee and revenue were dismissed. Case-Laws Income Tax Fri, 27 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121530