https://www.taxtmi.com/caselaws?id=181344 The Tribunal upheld the CIT(A)'s decision regarding the deletion of additions made by the AO on account of disallowance of depreciation on the website, outstanding sundry creditors, and the allowability of 60% depreciation on computer peripherals and accessories. The Tribunal determined that the website expenses were eligible for depreciation under section 32 of the IT Act as computer software, rejected the addition on outstanding sundry creditors under section 41(1), and confirmed the 60% depreciation on computer peripherals based on their integral role as computer hardware components. en-us Fri, 23 Jul 2010 00:00:00 +0530 Wed, 13 Apr 2016 18:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181344 The Tribunal upheld the CIT(A)'s decision regarding the deletion of additions made by the AO on account of disallowance of depreciation on the website, outstanding sundry creditors, and the allowability of 60% depreciation on computer peripherals and accessories. The Tribunal determined that the website expenses were eligible for depreciation under section 32 of the IT Act as computer software, rejected the addition on outstanding sundry creditors under section 41(1), and confirmed the 60% depreciation on computer peripherals based on their integral role as computer hardware components. Case-Laws Income Tax Fri, 23 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181344