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2016 (9) TMI 1277 - HC - Income TaxDeprecation on transactions relating to lease of assets - Held that:- As decided in assessee's own case [ 2016 (8) TMI 610 - BOMBAY HIGH COURT] Tribunal allowed the Respondent-Assessee's appeal by following the decision of the Apex Court in ICDS Ltd., v/s. CIT [2013 (1) TMI 344 - SUPREME COURT ]. - Decided against revenue Deprecation claimed on assets covered by sale and lease back agreements - Held that:- As decided in assessee's own case [2016 (8) TMI 610 - BOMBAY HIGH COURT] the impugned order of the Tribunal restored the issue to the Assessing Officer to decide the nature of transactions on examination of the sale and lease agreement entered into by the Respondent-Assessee with its lessees. This remand was with a specific direction that the Assessing Officer would examine the sale and lease back transactions entered into by the Respondent-Assessee with the three parties and decide the issue afresh, keeping in view the decision of the Delhi High Court in CIT v/s. Cosmo Films Ltd. [2011 (7) TMI 32 - DELHI HIGH COURT] - Decided against revenue
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