Tax Planning vs. Avoidance: Importance of Intent in Sale and Leaseback Transactions for Depreciation Claims. https://www.taxtmi.com/highlights?id=13900 Tax Planning versus Tax Avoidance - Finance Lease / Operating lease - No straight jacket formula can be adopted to say that every case of sale and lease back transactions is sham or genuine - real intention was to enter into transaction of loan/finance only and the assessee was never intended to be the real and legal owner of the assets – Depreciation not allowed - AT en-us Wed, 14 Aug 2013 19:44:19 +0530 Wed, 14 Aug 2013 19:44:19 +0530 TaxTMI RSS Generator Tax Planning vs. Avoidance: Importance of Intent in Sale and Leaseback Transactions for Depreciation Claims. https://www.taxtmi.com/highlights?id=13900 Tax Planning versus Tax Avoidance - Finance Lease / Operating lease - No straight jacket formula can be adopted to say that every case of sale and lease back transactions is sham or genuine - real intention was to enter into transaction of loan/finance only and the assessee was never intended to be the real and legal owner of the assets – Depreciation not allowed - AT Highlights Income Tax Wed, 14 Aug 2013 19:44:19 +0530 https://www.taxtmi.com/highlights?id=13900