https://www.taxtmi.com/caselaws?id=424723 The Tribunal dismissed the appeal, upholding the disallowance of depreciation on movable assets and taxation of compensation received. The decision emphasized the significance of lease agreements in determining tax liabilities and the necessity of explicit contractual provisions for separating assets for tax purposes. en-us Tue, 05 Jul 2022 00:00:00 +0530 Thu, 07 Jul 2022 09:06:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424723 The Tribunal dismissed the appeal, upholding the disallowance of depreciation on movable assets and taxation of compensation received. The decision emphasized the significance of lease agreements in determining tax liabilities and the necessity of explicit contractual provisions for separating assets for tax purposes. Case-Laws Income Tax Tue, 05 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424723