S. 32 : Depreciation-Home-Theatre-Used for exhibiting technological developments in field of software to employees and customers-Deletion of disallowance of depreciation is justified.
DCIT v. Tally Solutions Pvt. Ltd. (2021) 91 ITR 66 (SN) (Bang.)(Trib.)
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Click here to download the pdf versions of the Digest of case laws 32 : Depreciation-Home-Theatre-Used for exhibiting technological developments in field of software to employees and customers-Deletion of disallowance of depreciation is justified.
DCIT v. Tally Solutions Pvt. Ltd. (2021) 91 ITR 66 (SN) (Bang.)(Trib.)S. 32 : Depreciation-New assets purchased-Disallowance of depreciation is not proper. [S. 44AB]
DCIT v. N E Television Network Pvt. Ltd. (2021) 91 ITR 59 (SN) (Delhi) (Trib.)S. 32 : Depreciation-New assets purchased-Disallowance of depreciation is not proper. [S.44AB]
DCIT v. N E Television Network Pvt. Ltd. (2021) 91 ITR 59 (SN) (Delhi) (Trib.)S. 32 : Depreciation-Computer peripherals-Entitle for higher depreciation. [S. 32(1(ii)
Barclays Shared Services (P.) Ltd. v. ACIT (2021) 202 DTR 185 /(2022) 216 TTJ 228 (Pune)(Trib.)S. 32 : Depreciation-Biometric devices-Computer-Eligible depreciation at a higher rate. [S. 32(1)(ii)]
Instrument Technologies v. ACIT (2021) 198 DTR 17 (Visakha)(Trib.)S. 24 : Income from house property-Deductions-Rental income from property in America Property tax-Deduction allowable. [S. 22]
Nitin Gupta v. ITO (2021) 91 ITR 47 (SN) / 214 TTJ 247 (SMC) (Delhi) (Trib.)S. 24 : Income from house property-Deductions-Property tax and interest on loan-Mortgage interest statement-Allowable as deduction-Cash credits-Matter remanded. [S. 23,24(b), 68]
Nitin Gupta v. ITO (2021) 207 DTR 159 (SMC) (Delhi)(Trib.)S. 22 : Income from house property-Notional addition of rental income by making an adhoc increase of 10% over and above value assessed in previous year is without any basis-Addition is deleted. [S. 23, 24]
Shahrukh Khan v. DCIT (2021) 209 TTJ 356 / 197 DTR 1 (Mum.)(Trib.)S. 14A : Disallowance of expenditure-Exempt income-Interest expenditure-Balance-Sheet of assessee showing assessee’s own funds available in excess of investments-Interest cannot be disallowed. [R.8D (2)(iii)]
Tejas Networks Ltd. v. DCIT (2021) 91 ITR 52 (SN) (Bang.)(Trib.)