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2016 (7) TMI 1388 - ITAT BANGALOREDepreciation in respect of assets leased - miscellaneous applications filed by the assessee-bank seeking modification of the directions of the Hon’ble Tribunal as has not considered the finding given by this Tribunal earlier wherein directed the AO to allow depreciation in respect of assets leased to M/s.Rajendra Steels and M/s.Kedia Group of Companies Held that:- As in the light of this order, there was no need to set aside the issue relating to depreciation and the assets leased to back M/s.Rajendra Steels and M/s.Kedia Group of Companies to the file of the AO to. Accordingly, the said direction is modified as under: “Since the Tribunal, in ITA Nos.765, 766 & 767/Bang/2011 had directed the AO to allow depreciation in respect of leased assets to M/s.Rajendra Steels and M/s.Kedia Group of Companies, accordingly, we also direct the AO to allow depreciation on assets leased to M/s.Rajendra Steels and M/s.Kedia Group of Companies in accordance with order of the Tribunal in the above appeals. This ground of appeal is allowed.”
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