https://www.taxtmi.com/caselaws?id=301289 The tribunal partly allowed ITA Nos. 240 & 241/Bang/2018, 251 to 253/Bang/2018 for statistical purposes and dismissed the remaining appeals (239, 242 to 250 & 254 to 255/Bang/2018). The issues included the allowability of depreciation on finance leases, disallowance of depreciation on assets leased to educational institutions and certain companies, interest u/s 244A, taxability of forfeited amounts by depositors, and MAT credit for earlier years. The tribunal upheld disallowances where the assessee failed to provide sufficient evidence or where the transactions were deemed financial rather than lease agreements. en-us Fri, 20 Sep 2019 00:00:00 +0530 Fri, 25 Mar 2022 08:33:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301289 The tribunal partly allowed ITA Nos. 240 & 241/Bang/2018, 251 to 253/Bang/2018 for statistical purposes and dismissed the remaining appeals (239, 242 to 250 & 254 to 255/Bang/2018). The issues included the allowability of depreciation on finance leases, disallowance of depreciation on assets leased to educational institutions and certain companies, interest u/s 244A, taxability of forfeited amounts by depositors, and MAT credit for earlier years. The tribunal upheld disallowances where the assessee failed to provide sufficient evidence or where the transactions were deemed financial rather than lease agreements. Case-Laws Income Tax Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301289