https://www.taxtmi.com/caselaws?id=118496 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal and allowing the assessee's deduction claim for lease rent paid. The Tribunal found the transactions genuine, supported by evidence, and conducted at market value, not intended to defraud revenue. The CIT(A)'s findings were deemed valid, emphasizing the legitimacy of sale and lease back transactions as recognized finance methods. en-us Fri, 03 Feb 2006 00:00:00 +0530 Mon, 02 Jul 2012 11:44:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118496 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal and allowing the assessee's deduction claim for lease rent paid. The Tribunal found the transactions genuine, supported by evidence, and conducted at market value, not intended to defraud revenue. The CIT(A)'s findings were deemed valid, emphasizing the legitimacy of sale and lease back transactions as recognized finance methods. Case-Laws Income Tax Fri, 03 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118496