https://www.taxtmi.com/caselaws?id=352734 The Tribunal allowed the Assessee's appeal on the issues of depreciation on leased assets and double taxation of Rs. 88.54 lakhs. However, it upheld the Revenue's stance on treating notional gain from securitization of lease receivables as taxable. The Tribunal also ruled in favor of the Assessee regarding the disallowance of expenses related to exempt income under section 14A. en-us Wed, 13 Dec 2017 00:00:00 +0530 Tue, 19 Dec 2017 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352734 The Tribunal allowed the Assessee's appeal on the issues of depreciation on leased assets and double taxation of Rs. 88.54 lakhs. However, it upheld the Revenue's stance on treating notional gain from securitization of lease receivables as taxable. The Tribunal also ruled in favor of the Assessee regarding the disallowance of expenses related to exempt income under section 14A. Case-Laws Income Tax Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352734