corporate and professional update february 27,2016
CORPORATE & PROFESSIONAL UPDATE FEBRUARY 27,2016 Direct Tax IT: CPU alone cannot be described as computer; routers and switches being input/output devices, are integral part of computer and, hence, entitled to higher rate of depreciation at 60 per cent[2016] 66 taxmann.com 239 (Mumbai – Trib.) IBAHN India (P.) Ltd. v. DCIT Investment in house property need not be …