https://www.taxtmi.com/caselaws?id=346019 The case involved issues concerning the disallowance of amortization charges of leasehold land, disallowance under Section 14A read with Rule 8D, and excess depreciation on computer peripherals. The Tribunal remanded the amortization charges issue back to the AO for further clarification, set aside the disallowances under Section 14A for recomputation based on a specific judgment, and upheld the higher depreciation on computer peripherals. The outcome resulted in the assessee's appeals being allowed for both assessment years for statistical purposes, while the revenue's appeal for the assessment year 2009-10 was partly allowed. en-us Thu, 13 Apr 2017 00:00:00 +0530 Wed, 02 Aug 2017 08:39:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346019 The case involved issues concerning the disallowance of amortization charges of leasehold land, disallowance under Section 14A read with Rule 8D, and excess depreciation on computer peripherals. The Tribunal remanded the amortization charges issue back to the AO for further clarification, set aside the disallowances under Section 14A for recomputation based on a specific judgment, and upheld the higher depreciation on computer peripherals. The outcome resulted in the assessee's appeals being allowed for both assessment years for statistical purposes, while the revenue's appeal for the assessment year 2009-10 was partly allowed. Case-Laws Income Tax Thu, 13 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346019