https://www.taxtmi.com/caselaws?id=397105 The Tribunal dismissed the Revenue's appeal, directing the AO to recompute the disallowance under Section 14A, considering only investments yielding exempt income. The Tribunal also ordered the deletion of the addition related to SAR expenses, allowing the assessee's appeal for statistical purposes. Additionally, the Tribunal upheld the CIT(A)'s decision to allow higher depreciation on UPS at 60%, citing precedents that UPS is an essential part of the computer system eligible for 60% depreciation. en-us Fri, 31 Jul 2020 00:00:00 +0530 Sat, 01 Aug 2020 20:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397105 The Tribunal dismissed the Revenue's appeal, directing the AO to recompute the disallowance under Section 14A, considering only investments yielding exempt income. The Tribunal also ordered the deletion of the addition related to SAR expenses, allowing the assessee's appeal for statistical purposes. Additionally, the Tribunal upheld the CIT(A)'s decision to allow higher depreciation on UPS at 60%, citing precedents that UPS is an essential part of the computer system eligible for 60% depreciation. Case-Laws Income Tax Fri, 31 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397105