https://www.taxtmi.com/caselaws?id=193652 The revenue's appeals against the Income Tax Appellate Tribunal's common order for the assessment years 2006-07 to 2009-10 were dismissed. The main issue revolved around the capital recovery of leased assets, specifically lease equalisation charges related to Indian Railways rolling stock. Previous favorable judgments for the assessee and directions from ITAT led to the dismissal of the appeals as they did not raise substantial legal questions. An additional issue on a prior interest expenditure claim was also addressed, with the Court concluding that no substantial legal question arose for the assessment year 2006-07. en-us Mon, 23 Mar 2015 00:00:00 +0530 Fri, 11 Aug 2017 10:19:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193652 The revenue's appeals against the Income Tax Appellate Tribunal's common order for the assessment years 2006-07 to 2009-10 were dismissed. The main issue revolved around the capital recovery of leased assets, specifically lease equalisation charges related to Indian Railways rolling stock. Previous favorable judgments for the assessee and directions from ITAT led to the dismissal of the appeals as they did not raise substantial legal questions. An additional issue on a prior interest expenditure claim was also addressed, with the Court concluding that no substantial legal question arose for the assessment year 2006-07. Case-Laws Income Tax Mon, 23 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193652