2013 (1) TMI 768

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....ORDER P.C. :- 1. In this appeal filed by the revenue relating to assessment year 2000-01, the revenue has proposed the following question of law for our consideration:- " Whether on the fact and circumstances of the case and in law, the Tribunal was correct in law in not upholding the order of assessing officer that the expenses of ₹ 2,01,73,861/- for purchasing new systes which were Y2....

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....ngrading the existing system of computers. 3. In first appeal, the CIT(A) by his order dated 26th December, 2006 while allowing the assessee's appeal held that the Computer system of the assessee was in existence prior to the assessment year under consideration. Thus, the expenditure incurred was for purchase of certain Y2K motherboards which were to be installed / replaced as a part of the e....

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....h December, 2003. 5. We note the finding of CIT(A) and the Tribunal that the computer system of the assessee was already in place prior to the assessment year under consideration. The fact that various items of hardware were purchased would enable the system of computers as a whole to be Y2K compliant. Some of the computers which were part of the integrated system of computers were not Y2K compli....