https://www.taxtmi.com/caselaws?id=262094 The Tribunal upheld the decisions of the Ld. CIT(A) on both issues. Regarding the deletion of disallowance under Section 40(a)(ia) of the Income Tax Act, the Tribunal agreed with the CIT(A) that a shortfall in deduction should not lead to disallowance under Section 40(a)(ia) but could result in the assessee being declared as an assessee in default under Section 201. On the deletion of disallowance on account of depreciation, the Tribunal supported the CIT(A)'s decision to allow higher depreciation rates for computer peripherals and accessories based on relevant legal precedents, including a ruling by the Hon'ble Jurisdictional High Court. en-us Fri, 29 May 2015 00:00:00 +0530 Sat, 01 Aug 2015 08:38:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262094 The Tribunal upheld the decisions of the Ld. CIT(A) on both issues. Regarding the deletion of disallowance under Section 40(a)(ia) of the Income Tax Act, the Tribunal agreed with the CIT(A) that a shortfall in deduction should not lead to disallowance under Section 40(a)(ia) but could result in the assessee being declared as an assessee in default under Section 201. On the deletion of disallowance on account of depreciation, the Tribunal supported the CIT(A)'s decision to allow higher depreciation rates for computer peripherals and accessories based on relevant legal precedents, including a ruling by the Hon'ble Jurisdictional High Court. Case-Laws Income Tax Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262094