2021 (11) TMI 1131

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....For the Appellants : SHRI K.V. ARAVIND, ADVOCATE (PHYSICAL HEARING) For the Respondent : SHRI T. SURYANARAYANA, ADVOCATE (PHYSICAL HEARING) JUDGMENT This appeal is filed by the revenue/appellants under Section 260A of the Income Tax Act, 1961 ['Act' for short] assailing the order of the Income Tax Appellate Tribunal "C" Bench, Bangalore ['Tribunal' for short] dated 17.11.2017 pa....

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....h has not reached finality even when the assessee is not entitled for depreciation on assets leased to others under the provisions of the Act? 3. Whether on the facts and in the circumstances of the case, the Tribunal is right in law in setting side relying upon Circular No.18 of 2015 dated 2.11.2015, the fact that investments are shown as Stock in Trade in books of account, loss/deprecia....