https://www.taxtmi.com/caselaws?id=470796 Interest disallowance relating to exempt-income investments was not warranted where reserves and surplus substantially exceeded the investments; administrative expenditure was restricted to 0.5% of average investment. Provision for unredeemed customer loyalty points represented an estimated redemption obligation accruing during the year and was treated as an allowable ascertained liability. Computer peripherals and accessories, including printers, routers, cables and switches, qualified for depreciation at 60%. Licensed computer software also qualified for depreciation at the rate applicable to computers and computer software. Consistent treatment under earlier assessments supported relief where no distinguishing material existed. en-us Wed, 17 May 2017 00:00:00 +0530 Mon, 10 Aug 2026 10:48:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470796 Interest disallowance relating to exempt-income investments was not warranted where reserves and surplus substantially exceeded the investments; administrative expenditure was restricted to 0.5% of average investment. Provision for unredeemed customer loyalty points represented an estimated redemption obligation accruing during the year and was treated as an allowable ascertained liability. Computer peripherals and accessories, including printers, routers, cables and switches, qualified for depreciation at 60%. Licensed computer software also qualified for depreciation at the rate applicable to computers and computer software. Consistent treatment under earlier assessments supported relief where no distinguishing material existed. Case-Laws Income Tax Wed, 17 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470796