https://www.taxtmi.com/caselaws?id=432527 The High Court upheld the disallowance of deductions under Section 35E and depreciation on leased assets, as commercial production had not commenced during the relevant assessment years. However, the Court admitted the question of the alternative claim for deduction under Section 37 for further consideration, finding prima facie merit in the appellant's argument. en-us Mon, 13 Jun 2022 00:00:00 +0530 Fri, 06 Jan 2023 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432527 The High Court upheld the disallowance of deductions under Section 35E and depreciation on leased assets, as commercial production had not commenced during the relevant assessment years. However, the Court admitted the question of the alternative claim for deduction under Section 37 for further consideration, finding prima facie merit in the appellant's argument. Case-Laws Income Tax Mon, 13 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432527