https://www.taxtmi.com/caselaws?id=791134 Depreciation on leased assets was addressed in relation to ownership and business use under Section 32, including the application of I.C.D.S. Ltd. to a leasing business. Interest under Section 220(2) was also identified as chargeable only up to the original assessment order under Section 143(3). The special leave petitions challenging the judgment were dismissed because a challenge to the same judgment had already been dismissed for delay; the delay-condonation application was consequently dismissed. en-us Mon, 04 May 2026 00:00:00 +0530 Wed, 06 May 2026 08:32:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791134 Depreciation on leased assets was addressed in relation to ownership and business use under Section 32, including the application of I.C.D.S. Ltd. to a leasing business. Interest under Section 220(2) was also identified as chargeable only up to the original assessment order under Section 143(3). The special leave petitions challenging the judgment were dismissed because a challenge to the same judgment had already been dismissed for delay; the delay-condonation application was consequently dismissed. Case-Laws Income Tax Mon, 04 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791134