https://www.taxtmi.com/caselaws?id=252527 The High Court remanded the issues of unclaimed credit balances and depreciation on unused aircrafts back to the Assessing Authority for fresh consideration. It ruled that the payment of Rs. 5.31 crores as lease foreclosure compensation is capital expenditure, emphasizing the significance of factual verification and adherence to legal principles in determining expenditure nature for tax purposes. en-us Mon, 16 Jun 2014 00:00:00 +0530 Wed, 18 Feb 2015 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252527 The High Court remanded the issues of unclaimed credit balances and depreciation on unused aircrafts back to the Assessing Authority for fresh consideration. It ruled that the payment of Rs. 5.31 crores as lease foreclosure compensation is capital expenditure, emphasizing the significance of factual verification and adherence to legal principles in determining expenditure nature for tax purposes. Case-Laws Income Tax Mon, 16 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252527