2013 (10) TMI 1460

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....t. Rano Jain, CAs. ORDER PER R. S. SYAL, AM. This appeal by the Revenue arises out of the order passed by the CIT (A) on 03.11.2011 in relation to the assessment year 2008-09. 2. First ground of the appeal is against the deletion of addition of Rs. 17,55,103/- on account of bonus paid to the directors of the company. Briefly stated the facts of this ground that the assessee paid such a....

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....h no separate shareholding exceeding 3%. It is further relevant to note that the assessee paid remuneration of Rs. 1.06 crores to these directors, who were paid bonus of Rs. 17.55 lacs in addition to that. The AO has allowed deduction on account of remuneration paid to the directors without any hitch. Further, the assessee company paid bonus to all employees including directors. It is paramount to....

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....ground is not allowed. 4. The only other ground is against the deletion of addition of Rs. 190972/- on account of extra depreciation claimed on computers peripherals. The assessee claimed depreciation on computers at the rate of 60% amounting to Rs. 14.33 lacs. On being called upon to justify the higher rate of depreciation on computer peripherals, the assessee relied on certain decisions, as h....