https://www.taxtmi.com/highlights?id=38493 Disallowance of depreciation on assets acquired and leased back - On a combined reading of Section 2(13) and Section 2(24) the income derived from leasing of the trucks would be business income, or income derived in the course of business, and has been so assessed - claim of depreciation allowed - AT en-us Wed, 21 Mar 2018 08:45:16 +0530 Wed, 21 Mar 2018 08:45:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=38493 Disallowance of depreciation on assets acquired and leased back - On a combined reading of Section 2(13) and Section 2(24) the income derived from leasing of the trucks would be business income, or income derived in the course of business, and has been so assessed - claim of depreciation allowed - AT Highlights Income Tax Wed, 21 Mar 2018 08:45:16 +0530 https://www.taxtmi.com/highlights?id=38493