https://www.taxtmi.com/caselaws?id=217453 The Tribunal dismissed the appeal, upholding the disallowance of expenditure under section 14A to Rs.1,00,000, based on precedents and ruling Rule 8D as inapplicable. It also upheld the deletion of the disallowed claim under section 35D, noting the absence of material for challenge. Additionally, the Tribunal allowed depreciation on computer peripherals, including UPS, as integral to the computer system, citing relevant precedents. The appeal was dismissed in its entirety, with no new arguments presented during the proceedings. en-us Fri, 13 Jul 2012 00:00:00 +0530 Thu, 06 Sep 2012 13:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217453 The Tribunal dismissed the appeal, upholding the disallowance of expenditure under section 14A to Rs.1,00,000, based on precedents and ruling Rule 8D as inapplicable. It also upheld the deletion of the disallowed claim under section 35D, noting the absence of material for challenge. Additionally, the Tribunal allowed depreciation on computer peripherals, including UPS, as integral to the computer system, citing relevant precedents. The appeal was dismissed in its entirety, with no new arguments presented during the proceedings. Case-Laws Income Tax Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217453