https://www.taxtmi.com/caselaws?id=359475 The Tribunal held that the Assessing Officer (AO) failed to properly examine lease transactions and apply legal principles, upholding depreciation on leased assets except for specific transactions. The AO's treatment of lease transactions as financial, without adequate examination, was criticized. The Tribunal partly allowed the assessee's cross-objection, dismissing the Revenue's appeal and directing depreciation allowance without further verification. en-us Mon, 23 Apr 2018 00:00:00 +0530 Tue, 01 May 2018 06:24:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359475 The Tribunal held that the Assessing Officer (AO) failed to properly examine lease transactions and apply legal principles, upholding depreciation on leased assets except for specific transactions. The AO's treatment of lease transactions as financial, without adequate examination, was criticized. The Tribunal partly allowed the assessee's cross-objection, dismissing the Revenue's appeal and directing depreciation allowance without further verification. Case-Laws Income Tax Mon, 23 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359475