2010 (4) TMI 101

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.... Hon'ble Mr Justice Badar Durrez Ahmed Hon'ble Mr Justice V.K. Jain 1. Whether Reporters of local papers may be allowed to see the judgment?   2. To be referred to the Reporter or not? 3. Whether the judgment should be reported in Digest? BADAR DURREZ AHMED, J (ORAL) CM 758/2010 The counsel for the parties are present. The respondent / assessee has moved this applicati....

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....resent appeal for the reason that the issues on merits, which are comprised in the proposed questions (d) and (e), have already been settled by several decisions including decisions of this Court in the case of CIT v. Prem Nath Monga Bottlers (P) Ltd: 226 ITR 864 and JCIT v. Anatronics Genral Company (P) Limited: 247 ITR 25 (Del). The question which had arisen in those decisions was whether one bo....

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....correct in law in allowing depreciation to the assessee @ 100% on leased assets, being each asset costing less than Rs 5,000/- when assessee was engaged in the business of leasing? (e)  Whether the depreciation is to be allowed to the assessee @ 100% or @ 25% as the assessee was engaged in the business of leasing and the assets, being each item costing less than Rs 5,000/- were given on le....