https://www.taxtmi.com/caselaws?id=186138 The ITAT upheld the CIT(A)'s decision on both issues, ruling in favor of the assessee and dismissing the Revenue's appeal. The disallowance of administrative expenses under section 14A was not warranted as there was no evidence of specific expenditure related to earning exempt income. Additionally, depreciation on computer equipment was allowed at 60% based on the classification of peripherals as integral to the PC system, in line with precedents from ITAT cases. en-us Thu, 21 Apr 2011 00:00:00 +0530 Thu, 08 Sep 2016 12:48:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186138 The ITAT upheld the CIT(A)'s decision on both issues, ruling in favor of the assessee and dismissing the Revenue's appeal. The disallowance of administrative expenses under section 14A was not warranted as there was no evidence of specific expenditure related to earning exempt income. Additionally, depreciation on computer equipment was allowed at 60% based on the classification of peripherals as integral to the PC system, in line with precedents from ITAT cases. Case-Laws Income Tax Thu, 21 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186138