https://www.taxtmi.com/caselaws?id=427127 The Tribunal allowed the appellant's appeal regarding the eligibility to claim the principal portion of lease rental payments as a deduction. The Tribunal directed the Assessing Officer to allow the deduction of the principal portion of lease rental payments and reversed any depreciation claimed by the appellant on such assets. Additionally, the Tribunal partially allowed the appellant's appeal related to the disallowance under Section 14A, directing the AO to exclude the investment in debentures from the computation. en-us Wed, 03 Aug 2022 00:00:00 +0530 Fri, 02 Sep 2022 09:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427127 The Tribunal allowed the appellant's appeal regarding the eligibility to claim the principal portion of lease rental payments as a deduction. The Tribunal directed the Assessing Officer to allow the deduction of the principal portion of lease rental payments and reversed any depreciation claimed by the appellant on such assets. Additionally, the Tribunal partially allowed the appellant's appeal related to the disallowance under Section 14A, directing the AO to exclude the investment in debentures from the computation. Case-Laws Income Tax Wed, 03 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427127