No concept of deferred revenue expenditure under the Income Tax Act and integral part of the computer entitled to depreciation at 60%

Last updated: 29 September 2012

Court :
INCOME TAX APPELLATE TRIBUNAL

Brief :
The grounds raised read as under:- “1. Whether the Ld. Commissioner of Income Tax (A) was correct on facts and circumstances of the case and in law in deleting the disallowance of ` 8,76,435/- made by the Assessing Officer on account of advertisement expenses. 2. Whether Ld. Commissioner of Income Tax (A) was correct on facts and circumstances of the case and in law in deleting the disallowance of ` 1,57,665/- made by the Assessing Officer on account of depreciation on printers and scanner. 3. The appellant craves leave, to add, alter or amend any ground of appeal raised above at the time of hearing.”

Citation :
Asstt. Commissioner of Income Tax, Circle-12(1), New Delhi (Appellant) Vs. M/s Global Healthline Pvt. Ltd., 5, Community Centre, Zamrudpur, Kailash Colony Extn., New Delhi (PAN/GIR NO.: AABCG8091R) (Respondent)