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2003 (4) TMI 80 - HC - Income TaxDepreciation - The Tribunal has held in the impugned order that the assessee has failed to establish hiring business, and the Commissioner of Income-tax (Appeals) had allowed the claim of the assessee without satisfying the conditions thereof. - Learned counsel for the appellant urged that the Tribunal omitted to consider the facts. - Tribunal has held the cylinders were not purchased for leasing business and one of the parties to whom the cylinders were leased out is the manufacturer and seller of the cylinders. To the other party cylinders were dispatched only a day before the close of the accounting period. The findings in the order of the Tribunal are finding of facts and hence we cannot interfere in this appeal.
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