https://www.taxtmi.com/caselaws?id=388772 The Tribunal dismissed the assessee's claim for lease charges as revenue expenditure but allowed the alternate claim for depreciation and interest on the full value of the asset. The appeal was partly allowed, emphasizing the need for the AO to follow statutory requirements when invoking specific provisions of the Income Tax Act. en-us Tue, 03 Sep 2019 00:00:00 +0530 Fri, 22 Nov 2019 10:39:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388772 The Tribunal dismissed the assessee's claim for lease charges as revenue expenditure but allowed the alternate claim for depreciation and interest on the full value of the asset. The appeal was partly allowed, emphasizing the need for the AO to follow statutory requirements when invoking specific provisions of the Income Tax Act. Case-Laws Income Tax Tue, 03 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388772