https://www.taxtmi.com/caselaws?id=353591 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decisions, dismissing the Revenue's appeals. The Tribunal allowed the depreciation claims for leased assets, emphasizing that the assets were used for business purposes despite being leased out. Additionally, the Tribunal directed the Assessing Officer to grant Minimum Alternate Tax (MAT) credit after verifying earlier years' records. The judgments were pronounced on January 3, 2018. en-us Wed, 03 Jan 2018 00:00:00 +0530 Mon, 08 Jan 2018 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353591 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decisions, dismissing the Revenue's appeals. The Tribunal allowed the depreciation claims for leased assets, emphasizing that the assets were used for business purposes despite being leased out. Additionally, the Tribunal directed the Assessing Officer to grant Minimum Alternate Tax (MAT) credit after verifying earlier years' records. The judgments were pronounced on January 3, 2018. Case-Laws Income Tax Wed, 03 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353591