https://www.taxtmi.com/caselaws?id=280424 The Tribunal partially allowed the Revenue's appeal for AY 2007-08, reducing disallowances under Rule 8D. For AY 2008-09, the Tribunal dismissed the Revenue's appeal, upholding deletion of interest disallowance but remanding administrative expense disallowance for re-examination. Depreciation on UPS, printers, and scanners was allowed at 60% for AY 2007-08. However, depreciation on the elevator was remanded for re-examination in light of prior decisions. The assessee's appeal for AY 2008-09 was allowed for statistical purposes. en-us Fri, 24 Aug 2012 00:00:00 +0530 Sat, 04 May 2019 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280424 The Tribunal partially allowed the Revenue's appeal for AY 2007-08, reducing disallowances under Rule 8D. For AY 2008-09, the Tribunal dismissed the Revenue's appeal, upholding deletion of interest disallowance but remanding administrative expense disallowance for re-examination. Depreciation on UPS, printers, and scanners was allowed at 60% for AY 2007-08. However, depreciation on the elevator was remanded for re-examination in light of prior decisions. The assessee's appeal for AY 2008-09 was allowed for statistical purposes. Case-Laws Income Tax Fri, 24 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280424