https://www.taxtmi.com/caselaws?id=69440 The revenue's appeals challenging various tax issues were dismissed, including the method of accounting finance charges, enhanced depreciation on leased assets, and disallowance of estimated expenditure. The assessee succeeded in claiming depreciation on assets leased to specific companies and in disputing the provision for non-performing assets and lease equalization charges. Additionally, notional interest on deemed loan transactions was deleted. Separate judgments were delivered on depreciation issues, with one issue set aside for fresh adjudication. Overall, the revenue's appeals were dismissed, and the assessee's appeals were partly allowed. en-us Fri, 21 Sep 2007 00:00:00 +0530 Sat, 15 Jun 2013 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69440 The revenue's appeals challenging various tax issues were dismissed, including the method of accounting finance charges, enhanced depreciation on leased assets, and disallowance of estimated expenditure. The assessee succeeded in claiming depreciation on assets leased to specific companies and in disputing the provision for non-performing assets and lease equalization charges. Additionally, notional interest on deemed loan transactions was deleted. Separate judgments were delivered on depreciation issues, with one issue set aside for fresh adjudication. Overall, the revenue's appeals were dismissed, and the assessee's appeals were partly allowed. Case-Laws Income Tax Fri, 21 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69440