https://www.taxtmi.com/caselaws?id=169573 The Tribunal dismissed the Department's appeals against the orders of the ld. CIT(A) for A.Y. 2007-08 and A.Y. 2008-09. The deletion of deferred revenue expenditure and extra depreciation claimed on computer peripherals was upheld. The Tribunal emphasized that the expenses were incurred to improve existing machinery, not create new assets, and were consistently claimed over the expected launch period of the product. The nature of the expenses and the method of claiming them supported the decision to dismiss the Department's appeals. en-us Fri, 31 Jan 2014 00:00:00 +0530 Wed, 14 Jan 2015 16:49:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169573 The Tribunal dismissed the Department's appeals against the orders of the ld. CIT(A) for A.Y. 2007-08 and A.Y. 2008-09. The deletion of deferred revenue expenditure and extra depreciation claimed on computer peripherals was upheld. The Tribunal emphasized that the expenses were incurred to improve existing machinery, not create new assets, and were consistently claimed over the expected launch period of the product. The nature of the expenses and the method of claiming them supported the decision to dismiss the Department's appeals. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169573