https://www.taxtmi.com/caselaws?id=213006 The High Court found in favor of the Revenue, remanding the case back to the tribunal for a fresh examination. The tribunal's decision to delete the addition made by the Assessing Officer regarding the claim of depreciation on assets allegedly leased to HCL Hewlett Packard Ltd was overturned. The High Court emphasized the need for a proper consideration of the legal position and the true nature of the transaction, directing the tribunal to reevaluate the matter in light of the legal principles discussed and without being swayed by its previous ruling. en-us Tue, 17 Apr 2012 00:00:00 +0530 Fri, 04 May 2012 08:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213006 The High Court found in favor of the Revenue, remanding the case back to the tribunal for a fresh examination. The tribunal's decision to delete the addition made by the Assessing Officer regarding the claim of depreciation on assets allegedly leased to HCL Hewlett Packard Ltd was overturned. The High Court emphasized the need for a proper consideration of the legal position and the true nature of the transaction, directing the tribunal to reevaluate the matter in light of the legal principles discussed and without being swayed by its previous ruling. Case-Laws Income Tax Tue, 17 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213006