2017 (3) TMI 1733

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....Shri V.S. Jayakumar, Advocate Respondent by: Shri B. Koteswara Rao, CIT 29.03.2017 ORDER N.R.S. Ganesan,   All the appeals of the assessee are directed against the respective orders of the Commissioner of Income Tax (Appeals) - 11, Chennai, pertaining to assessment years 2007-08 to 2012-13. Since common issues arise for consideration, we heard all these appeals together and dispos....

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....tion. According to the Ld. counsel, the assessee added back the book depreciation and claimed containers lease rental as revenue expenditure. However, the Assessing Officer disallowed the claim of the assessee. The Assessing Officer allowed the depreciation. According to the Ld. counsel, the entire amount has to be allowed as revenue expenditure. 6. On the contrary, Shri B. Koteswara Rao, the L....