https://www.taxtmi.com/caselaws?id=179940 The Tribunal upheld the assessee's claim for depreciation on leased assets, deleted the addition of unpaid excise duty, disallowed guesthouse expenses, upheld a nominal disallowance for lease transaction expenses, directed the set-off of short-term capital loss, accepted fair market value for property acquisition, excluded sales tax from total turnover for deduction, and dismissed the rectification appeal based on valuation discrepancies, providing detailed reasoning for each issue. The order was pronounced on October 29, 2007. en-us Mon, 29 Oct 2007 00:00:00 +0530 Sat, 12 Mar 2016 13:29:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179940 The Tribunal upheld the assessee's claim for depreciation on leased assets, deleted the addition of unpaid excise duty, disallowed guesthouse expenses, upheld a nominal disallowance for lease transaction expenses, directed the set-off of short-term capital loss, accepted fair market value for property acquisition, excluded sales tax from total turnover for deduction, and dismissed the rectification appeal based on valuation discrepancies, providing detailed reasoning for each issue. The order was pronounced on October 29, 2007. Case-Laws Income Tax Mon, 29 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179940