https://www.taxtmi.com/caselaws?id=177297 The ITAT partially allowed both appeals related to the deletion of disallowance on excess depreciation on computer peripherals and the restriction of disallowance under section 14A. The ITAT upheld the deletion of excess depreciation disallowance by the CIT(A) but remanded the matter of disallowance under section 14A back to the Assessing Officer for a fresh decision with specific details. The ITAT rejected interference with penalty proceedings under section 271(1)(c) at that stage. The order was pronounced on 31 May 2013. en-us Fri, 31 May 2013 00:00:00 +0530 Mon, 04 Apr 2016 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177297 The ITAT partially allowed both appeals related to the deletion of disallowance on excess depreciation on computer peripherals and the restriction of disallowance under section 14A. The ITAT upheld the deletion of excess depreciation disallowance by the CIT(A) but remanded the matter of disallowance under section 14A back to the Assessing Officer for a fresh decision with specific details. The ITAT rejected interference with penalty proceedings under section 271(1)(c) at that stage. The order was pronounced on 31 May 2013. Case-Laws Income Tax Fri, 31 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177297