https://www.taxtmi.com/caselaws?id=178678 The Tribunal upheld the CIT(A)'s decisions on both issues, dismissing the revenue's appeal. Regarding the first issue, the Tribunal agreed with the CIT(A) that the expenses of Rs. 10,64,500 were revenue expenditures necessary for regular business activities and did not provide enduring benefits, thus rejecting the revenue's claim of them being capital expenditures. On the second issue, the Tribunal confirmed the CIT(A)'s allowance of 60% depreciation on computer peripherals and accessories, recognizing the "Router" as an integral part of the system, essential for its functioning. en-us Mon, 13 Apr 2009 00:00:00 +0530 Fri, 20 Oct 2023 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178678 The Tribunal upheld the CIT(A)'s decisions on both issues, dismissing the revenue's appeal. Regarding the first issue, the Tribunal agreed with the CIT(A) that the expenses of Rs. 10,64,500 were revenue expenditures necessary for regular business activities and did not provide enduring benefits, thus rejecting the revenue's claim of them being capital expenditures. On the second issue, the Tribunal confirmed the CIT(A)'s allowance of 60% depreciation on computer peripherals and accessories, recognizing the "Router" as an integral part of the system, essential for its functioning. Case-Laws Income Tax Mon, 13 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178678