https://www.taxtmi.com/caselaws?id=290307 The ITAT Mumbai partly allowed the appeal, setting aside the CIT(A)'s findings on multiple disallowances of depreciation and directing the Assessing Officer to reassess the issues with fresh consideration of the evidence provided by the assessee. The ITAT allowed the depreciation claim on sale and leaseback transactions, aligning with established legal precedents. The levy of interest under section 234B was deemed consequential, pending reassessment outcomes. en-us Wed, 25 Jan 2017 00:00:00 +0530 Thu, 14 Nov 2024 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290307 The ITAT Mumbai partly allowed the appeal, setting aside the CIT(A)'s findings on multiple disallowances of depreciation and directing the Assessing Officer to reassess the issues with fresh consideration of the evidence provided by the assessee. The ITAT allowed the depreciation claim on sale and leaseback transactions, aligning with established legal precedents. The levy of interest under section 234B was deemed consequential, pending reassessment outcomes. Case-Laws Income Tax Wed, 25 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290307