https://www.taxtmi.com/caselaws?id=244756 The Tribunal allowed the assessee's appeal regarding the disallowance under Section 14A of the Income Tax Act, holding that interest-bearing funds were not used for acquiring mutual funds. The Tribunal dismissed the revenue's appeal on both issues and upheld the higher depreciation rate of 60% on computer accessories and peripherals, in line with the jurisdictional High Court's decision. The order was pronounced on 28-2-2014. en-us Fri, 28 Feb 2014 00:00:00 +0530 Fri, 07 Mar 2014 08:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244756 The Tribunal allowed the assessee's appeal regarding the disallowance under Section 14A of the Income Tax Act, holding that interest-bearing funds were not used for acquiring mutual funds. The Tribunal dismissed the revenue's appeal on both issues and upheld the higher depreciation rate of 60% on computer accessories and peripherals, in line with the jurisdictional High Court's decision. The order was pronounced on 28-2-2014. Case-Laws Income Tax Fri, 28 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244756