https://www.taxtmi.com/caselaws?id=179765 The Bombay High Court admitted the appeal on three substantial questions of law concerning whether depreciation is available for shunt capacitors leased under a finance lease and how legal ownership is to be characterised between lessor and lessee for depreciation claims. The order indicates that the dispute turns on the tax treatment of leased assets and the ownership status relevant to depreciation entitlement. Service was waived. en-us Thu, 10 Jul 2008 00:00:00 +0530 Wed, 09 Mar 2016 15:50:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179765 The Bombay High Court admitted the appeal on three substantial questions of law concerning whether depreciation is available for shunt capacitors leased under a finance lease and how legal ownership is to be characterised between lessor and lessee for depreciation claims. The order indicates that the dispute turns on the tax treatment of leased assets and the ownership status relevant to depreciation entitlement. Service was waived. Case-Laws Income Tax Thu, 10 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179765