https://www.taxtmi.com/caselaws?id=221478 The High Court upheld the decisions of the Commissioner of Income Tax (Appeals) and the Tribunal, allowing lease rentals as business expenditure for the assessment years 1996-1997 and 2001-2002. The court found that the nature of the lease agreement and the treatment of lease rentals were in line with previous judgments. Consequently, the court dismissed both appeals without imposing any costs. en-us Tue, 15 Jan 2013 00:00:00 +0530 Thu, 17 Oct 2013 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221478 The High Court upheld the decisions of the Commissioner of Income Tax (Appeals) and the Tribunal, allowing lease rentals as business expenditure for the assessment years 1996-1997 and 2001-2002. The court found that the nature of the lease agreement and the treatment of lease rentals were in line with previous judgments. Consequently, the court dismissed both appeals without imposing any costs. Case-Laws Income Tax Tue, 15 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221478