https://www.taxtmi.com/caselaws?id=254334 The appeal filed by the revenue for the assessment year 2002-03 was partly allowed, while the appeals filed by the assessee for assessment years 2004-05 and 2005-06 were treated as partly allowed. The Tribunal directed several issues back to the Assessing Officer for re-examination and appropriate decisions in accordance with the law. Key points include upholding disallowance of lease rentals, directing reevaluation of unabsorbed business loss, allowing interest on a payment basis, justifying disallowance of depreciation on certain assets, and adjusting disallowances under different sections. en-us Wed, 17 Dec 2014 00:00:00 +0530 Thu, 18 Dec 2014 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254334 The appeal filed by the revenue for the assessment year 2002-03 was partly allowed, while the appeals filed by the assessee for assessment years 2004-05 and 2005-06 were treated as partly allowed. The Tribunal directed several issues back to the Assessing Officer for re-examination and appropriate decisions in accordance with the law. Key points include upholding disallowance of lease rentals, directing reevaluation of unabsorbed business loss, allowing interest on a payment basis, justifying disallowance of depreciation on certain assets, and adjusting disallowances under different sections. Case-Laws Income Tax Wed, 17 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254334