https://www.taxtmi.com/caselaws?id=399632 ITAT allowed the taxpayer's appeal: depreciation claimed on assets leased to third parties was upheld because lessee certificates produced before CIT(A) were not challenged and CIT(A) should have admitted or verified them under Rule 46A if in doubt. The section 14A disallowance under Rule 8D was deleted as no expenses for earning exempt dividends were shown and the AO failed to examine the taxpayer's self-disallowance. For computation of book profit under section 115JB, the matter was remanded to the AO to determine book profit without applying Rule 8D, consistent with prior ITAT findings. en-us Thu, 08 Oct 2020 00:00:00 +0530 Fri, 22 Aug 2025 21:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399632 ITAT allowed the taxpayer's appeal: depreciation claimed on assets leased to third parties was upheld because lessee certificates produced before CIT(A) were not challenged and CIT(A) should have admitted or verified them under Rule 46A if in doubt. The section 14A disallowance under Rule 8D was deleted as no expenses for earning exempt dividends were shown and the AO failed to examine the taxpayer's self-disallowance. For computation of book profit under section 115JB, the matter was remanded to the AO to determine book profit without applying Rule 8D, consistent with prior ITAT findings. Case-Laws Income Tax Thu, 08 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399632