https://www.taxtmi.com/caselaws?id=308196 The Tribunal remanded the issue of disallowance of depreciation on assets given under finance lease back to the AO for fresh adjudication with specific directions. It directed the AO to allow the set-off of brought forward depreciation loss. The Tribunal upheld the bundled approach for benchmarking and dismissed the remaining grounds as academic. The appeal of the assessee was partly allowed for statistical purposes. en-us Mon, 08 Nov 2021 00:00:00 +0530 Tue, 06 Jun 2023 20:48:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308196 The Tribunal remanded the issue of disallowance of depreciation on assets given under finance lease back to the AO for fresh adjudication with specific directions. It directed the AO to allow the set-off of brought forward depreciation loss. The Tribunal upheld the bundled approach for benchmarking and dismissed the remaining grounds as academic. The appeal of the assessee was partly allowed for statistical purposes. Case-Laws Income Tax Mon, 08 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308196