https://www.taxtmi.com/caselaws?id=13231 The Tribunal upheld the disallowance of 100% depreciation claims on leased bottles, concluding the transactions were financial arrangements, not genuine leases. It acted within its jurisdiction under Section 254(1) of the Income-tax Act, 1961, to examine lease deeds and ascertain the true nature of transactions. The appeal was dismissed, with no substantial question of law arising from the Tribunal's findings. en-us Fri, 22 Sep 2006 00:00:00 +0530 Wed, 06 Mar 2024 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13231 The Tribunal upheld the disallowance of 100% depreciation claims on leased bottles, concluding the transactions were financial arrangements, not genuine leases. It acted within its jurisdiction under Section 254(1) of the Income-tax Act, 1961, to examine lease deeds and ascertain the true nature of transactions. The appeal was dismissed, with no substantial question of law arising from the Tribunal's findings. Case-Laws Income Tax Fri, 22 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13231