https://www.taxtmi.com/caselaws?id=352605 The Tribunal allowed the assessee's claim for higher depreciation on CCTV cameras and control access systems, considering them as peripherals of computer systems. It partially disallowed miscellaneous expenditure, restricting the disallowance to 25% of the remaining amount. The expenditure relating to the purchase of know-how was allowed as normal business expenses. Disallowance under section 14A of the Act was limited to 5% of dividend income for both relevant assessment years. The disallowance of repair expenses was rejected, and relief was granted in respect of miscellaneous expenditure. The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's appeal. en-us Wed, 13 Dec 2017 00:00:00 +0530 Mon, 18 Dec 2017 09:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352605 The Tribunal allowed the assessee's claim for higher depreciation on CCTV cameras and control access systems, considering them as peripherals of computer systems. It partially disallowed miscellaneous expenditure, restricting the disallowance to 25% of the remaining amount. The expenditure relating to the purchase of know-how was allowed as normal business expenses. Disallowance under section 14A of the Act was limited to 5% of dividend income for both relevant assessment years. The disallowance of repair expenses was rejected, and relief was granted in respect of miscellaneous expenditure. The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's appeal. Case-Laws Income Tax Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352605