https://www.taxtmi.com/caselaws?id=248066 The Tribunal upheld the CIT(A)'s decisions in favor of the assessee, allowing the correct depreciation rates for computer peripherals, deleting the addition for non-deduction of TDS on payments made to NSE, directing verification of rebate under Section 88E, and dismissing disallowance under Section 14A read with Rule 8D. The Tribunal emphasized that peripherals qualify for higher depreciation, payments made during the financial year do not warrant disallowance, rebate under Section 88E is applicable against tax liability under Section 115JB, and Rule 8D does not apply to shares held as stock-in-trade. en-us Fri, 25 Apr 2014 00:00:00 +0530 Sat, 31 May 2014 11:14:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248066 The Tribunal upheld the CIT(A)'s decisions in favor of the assessee, allowing the correct depreciation rates for computer peripherals, deleting the addition for non-deduction of TDS on payments made to NSE, directing verification of rebate under Section 88E, and dismissing disallowance under Section 14A read with Rule 8D. The Tribunal emphasized that peripherals qualify for higher depreciation, payments made during the financial year do not warrant disallowance, rebate under Section 88E is applicable against tax liability under Section 115JB, and Rule 8D does not apply to shares held as stock-in-trade. Case-Laws Income Tax Fri, 25 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248066