https://www.taxtmi.com/caselaws?id=182157 The court dismissed the appeals, affirming that Section 154 cannot be used to introduce new issues or reargue settled matters. It upheld the decisions on fictitious lease transactions, disallowed depreciation, and included lease rental income. The court also confirmed the procedural correctness of the block assessment and surcharge levy, dismissing the appeals with no costs. en-us Wed, 29 Jul 2015 00:00:00 +0530 Wed, 04 May 2016 09:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182157 The court dismissed the appeals, affirming that Section 154 cannot be used to introduce new issues or reargue settled matters. It upheld the decisions on fictitious lease transactions, disallowed depreciation, and included lease rental income. The court also confirmed the procedural correctness of the block assessment and surcharge levy, dismissing the appeals with no costs. Case-Laws Income Tax Wed, 29 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182157