https://www.taxtmi.com/caselaws?id=220232 The court partially allowed the appeal, granting relief in cases with sufficient documentation (e.g., Asian Electronics Limited, BPL Systems and Products Limited, Navbharat Industrial Linings & Equipment Limited, and Universal Starch Chemical Limited). Disallowance of depreciation was upheld in cases lacking proper documentation or where transactions seemed to be financial arrangements rather than genuine sale and leaseback transactions. The court stressed the necessity of substantiating claims with concrete evidence and documentation. en-us Thu, 13 Sep 2012 00:00:00 +0530 Fri, 04 Jan 2013 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220232 The court partially allowed the appeal, granting relief in cases with sufficient documentation (e.g., Asian Electronics Limited, BPL Systems and Products Limited, Navbharat Industrial Linings & Equipment Limited, and Universal Starch Chemical Limited). Disallowance of depreciation was upheld in cases lacking proper documentation or where transactions seemed to be financial arrangements rather than genuine sale and leaseback transactions. The court stressed the necessity of substantiating claims with concrete evidence and documentation. Case-Laws Income Tax Thu, 13 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220232