https://www.taxtmi.com/caselaws?id=75393 The court upheld the Tribunal's decision regarding the depreciation claim, emphasizing ownership and usage of assets in the lessor's business context. The appellant's challenge was dismissed as the court found no legal flaws in the Tribunal's order, concluding that no substantial question of law arose. The assessee was deemed entitled to full depreciation based on ownership, leasing agreement, and asset delivery, affirming that the assets were utilized in the lessor's business. en-us Tue, 30 Sep 2008 00:00:00 +0530 Fri, 16 Sep 2011 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75393 The court upheld the Tribunal's decision regarding the depreciation claim, emphasizing ownership and usage of assets in the lessor's business context. The appellant's challenge was dismissed as the court found no legal flaws in the Tribunal's order, concluding that no substantial question of law arose. The assessee was deemed entitled to full depreciation based on ownership, leasing agreement, and asset delivery, affirming that the assets were utilized in the lessor's business. Case-Laws Income Tax Tue, 30 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75393