https://www.taxtmi.com/caselaws?id=64040 The Tribunal partially allowed the appeals, directing the AO to grant depreciation claims for assets leased to KPCL and two-wheelers, with necessary adjustments. The matter of depreciation for assets leased to the Haryana State Electricity Board was remanded for reconsideration. The higher depreciation claim on trucks was allowed, subject to verification of their use in the hiring business. The disallowance of preliminary and issue expenses was upheld as it was not argued by the assessee. en-us Tue, 30 Apr 2002 00:00:00 +0530 Thu, 03 Feb 2011 13:13:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64040 The Tribunal partially allowed the appeals, directing the AO to grant depreciation claims for assets leased to KPCL and two-wheelers, with necessary adjustments. The matter of depreciation for assets leased to the Haryana State Electricity Board was remanded for reconsideration. The higher depreciation claim on trucks was allowed, subject to verification of their use in the hiring business. The disallowance of preliminary and issue expenses was upheld as it was not argued by the assessee. Case-Laws Income Tax Tue, 30 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64040