https://www.taxtmi.com/caselaws?id=219000 The court dismissed the appeals in quantum proceedings, upholding the disallowance of depreciation on leased assets. However, in penalty proceedings, the appeal was allowed, and the penalty under Section 271(1)(c) was deleted. en-us Fri, 20 Jul 2012 00:00:00 +0530 Wed, 19 Sep 2012 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219000 The court dismissed the appeals in quantum proceedings, upholding the disallowance of depreciation on leased assets. However, in penalty proceedings, the appeal was allowed, and the penalty under Section 271(1)(c) was deleted. Case-Laws Income Tax Fri, 20 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219000