https://www.taxtmi.com/caselaws?id=248343 The Tribunal upheld the disallowance of depreciation and reworking of lease rentals, recognizing the transactions as financial leases. It dismissed the disallowance of prior period expenditure and under section 40(a)(ia), aligning with the assessee's arguments and legal precedents. The appeals by the assessee were partly allowed, while the revenue's appeals were dismissed. en-us Wed, 21 May 2014 00:00:00 +0530 Tue, 10 Jun 2014 08:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248343 The Tribunal upheld the disallowance of depreciation and reworking of lease rentals, recognizing the transactions as financial leases. It dismissed the disallowance of prior period expenditure and under section 40(a)(ia), aligning with the assessee's arguments and legal precedents. The appeals by the assessee were partly allowed, while the revenue's appeals were dismissed. Case-Laws Income Tax Wed, 21 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248343