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    <title>2012 (7) TMI 34 - ITAT, New Delhi</title>
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    <description>The Tribunal partly allowed the Revenue&#039;s appeal for Assessment Year (A.Y.) 2003-04, dismissed the Revenue&#039;s appeal for A.Y. 2005-06, and allowed the Assessee&#039;s appeals for A.Y. 2003-04, 2005-06, and 2007-08. The Tribunal admitted additional evidence, deleted certain additions, disallowances, and adjustments, including discrepancies in creditors&#039; balances, non-reply of notices under section 133(6), disallowance of expenditure, and adjustments under section 115JB. The Tribunal upheld decisions regarding depreciation on computer peripherals and capital stores, as well as the legitimacy of membership fee as a business expense.</description>
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      <link>https://www.taxtmi.com/caselaws?id=214459</link>
      <description>The Tribunal partly allowed the Revenue&#039;s appeal for Assessment Year (A.Y.) 2003-04, dismissed the Revenue&#039;s appeal for A.Y. 2005-06, and allowed the Assessee&#039;s appeals for A.Y. 2003-04, 2005-06, and 2007-08. The Tribunal admitted additional evidence, deleted certain additions, disallowances, and adjustments, including discrepancies in creditors&#039; balances, non-reply of notices under section 133(6), disallowance of expenditure, and adjustments under section 115JB. The Tribunal upheld decisions regarding depreciation on computer peripherals and capital stores, as well as the legitimacy of membership fee as a business expense.</description>
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