https://www.taxtmi.com/caselaws?id=372752 The High Court remanded the case for fresh consideration, emphasizing the need to analyze the lease agreement and the impact of Accounting Standard 19 on lease classification. The Court criticized the Tribunal for not adequately considering these aspects and directed a thorough review, leaving the Substantial Questions of Law open for reconsideration. The appeals were allowed without costs, instructing a reevaluation of all factual and legal aspects in accordance with the law. en-us Mon, 26 Nov 2018 00:00:00 +0530 Fri, 28 Dec 2018 11:36:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372752 The High Court remanded the case for fresh consideration, emphasizing the need to analyze the lease agreement and the impact of Accounting Standard 19 on lease classification. The Court criticized the Tribunal for not adequately considering these aspects and directed a thorough review, leaving the Substantial Questions of Law open for reconsideration. The appeals were allowed without costs, instructing a reevaluation of all factual and legal aspects in accordance with the law. Case-Laws Income Tax Mon, 26 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372752