https://www.taxtmi.com/caselaws?id=234359 The ITAT partially allowed the appeal, directing adjustments for exchange rate fluctuations and permitting 60% depreciation on computer peripherals, aligning with judicial precedents. It dismissed the challenge to interest under Sections 234B and 234C, confirming non-liability due to tax deduction at source, and deemed penalty proceedings under Section 271(1)(c) premature. en-us Fri, 08 Mar 2013 00:00:00 +0530 Thu, 18 Jul 2024 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234359 The ITAT partially allowed the appeal, directing adjustments for exchange rate fluctuations and permitting 60% depreciation on computer peripherals, aligning with judicial precedents. It dismissed the challenge to interest under Sections 234B and 234C, confirming non-liability due to tax deduction at source, and deemed penalty proceedings under Section 271(1)(c) premature. Case-Laws Income Tax Fri, 08 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234359