https://www.taxtmi.com/caselaws?id=192307 The Tribunal upheld the deletion of the addition of bonus paid to directors, finding it fully deductible under section 36(1)(ii) of the Act as the directors' shareholding was minimal and they had paid tax on the bonus. The appeal by the Revenue was not allowed. Additionally, the Tribunal upheld the deletion of the extra depreciation claimed on computer peripherals, agreeing with the ld. CIT (A) that peripherals were integral to computers and eligible for depreciation at 60%. The appeal on this ground was dismissed. en-us Fri, 11 Oct 2013 00:00:00 +0530 Wed, 24 May 2017 13:25:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192307 The Tribunal upheld the deletion of the addition of bonus paid to directors, finding it fully deductible under section 36(1)(ii) of the Act as the directors' shareholding was minimal and they had paid tax on the bonus. The appeal by the Revenue was not allowed. Additionally, the Tribunal upheld the deletion of the extra depreciation claimed on computer peripherals, agreeing with the ld. CIT (A) that peripherals were integral to computers and eligible for depreciation at 60%. The appeal on this ground was dismissed. Case-Laws Income Tax Fri, 11 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192307