https://www.taxtmi.com/caselaws?id=400589 The High Court upheld the Tribunal's decision, remitting the matter to the Assessing Officer to provide copies of all material and afford the assessee the opportunity of cross-examination. The Court affirmed the importance of cross-examination in testing evidence. The Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal allowed depreciation claimed on assets leased to companies based on evidence provided by the assessee, including lease agreements and inspection reports. The Court found the transactions genuine and existing, ruling in favor of the assessee and dismissing the revenue's appeal. en-us Mon, 02 Nov 2020 00:00:00 +0530 Wed, 11 Nov 2020 11:56:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400589 The High Court upheld the Tribunal's decision, remitting the matter to the Assessing Officer to provide copies of all material and afford the assessee the opportunity of cross-examination. The Court affirmed the importance of cross-examination in testing evidence. The Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal allowed depreciation claimed on assets leased to companies based on evidence provided by the assessee, including lease agreements and inspection reports. The Court found the transactions genuine and existing, ruling in favor of the assessee and dismissing the revenue's appeal. Case-Laws Income Tax Mon, 02 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400589