https://www.taxtmi.com/caselaws?id=363947 The High Court dismissed the appellant's case regarding the taxation of lease rental income in Finance Lease transactions. The court held that the lease agreement constituted a lease agreement rather than a finance agreement, based on the terms of the agreement and the arrangement between the parties. The court emphasized consistency in interpreting lease agreements for taxation purposes, aligning with the judgment in the Simpson and General Finance Co. Ltd. case. Despite the appellant's argument regarding Special Leave Petitions in the Supreme Court, the High Court maintained the finality of the issue and dismissed the appeal without costs. en-us Tue, 03 Jul 2018 00:00:00 +0530 Fri, 20 Jul 2018 05:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363947 The High Court dismissed the appellant's case regarding the taxation of lease rental income in Finance Lease transactions. The court held that the lease agreement constituted a lease agreement rather than a finance agreement, based on the terms of the agreement and the arrangement between the parties. The court emphasized consistency in interpreting lease agreements for taxation purposes, aligning with the judgment in the Simpson and General Finance Co. Ltd. case. Despite the appellant's argument regarding Special Leave Petitions in the Supreme Court, the High Court maintained the finality of the issue and dismissed the appeal without costs. Case-Laws Income Tax Tue, 03 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363947