https://www.taxtmi.com/caselaws?id=69103 The Tribunal partially allowed the appeal, directing the appellant to substantiate their depreciation claim based on the written down value in the hands of the lessee. The decision was based on the interpretation of relevant provisions of the Income-tax Act, specifically applying Explanation 4A of Section 43(1) to limit the cost of the asset. The case emphasizes the importance of providing concrete evidence to support depreciation claims and adhering to legal provisions governing such transactions. en-us Thu, 27 Sep 2001 00:00:00 +0530 Tue, 05 Apr 2011 12:04:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69103 The Tribunal partially allowed the appeal, directing the appellant to substantiate their depreciation claim based on the written down value in the hands of the lessee. The decision was based on the interpretation of relevant provisions of the Income-tax Act, specifically applying Explanation 4A of Section 43(1) to limit the cost of the asset. The case emphasizes the importance of providing concrete evidence to support depreciation claims and adhering to legal provisions governing such transactions. Case-Laws Income Tax Thu, 27 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69103