Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2013 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (11) TMI 574 - HC - Income TaxDisallowance under Section 35E / 37(1) of the Income Tax Act - Disallowance of depreciation of sale and lease back - Exclusion of the principal sum of lease rent – Held that:- Remanded the matter to the Income Tax Appellate Tribunal to consider the aforesaid appeals afresh with respect to the aforesaid issues in accordance with law and on its own merits and after giving an opportunity to the assessee as well as the revenue - This Court has not expressed anything on merits with respect to the aforesaid issues and the question whether the decision of the Special Bench of the tribunal rendered in the case of IndusInd Bank Ltd. v. Addl. CIT [2012 (3) TMI 212 - ITAT MUMBAI] would be applicable with respect to the aforesaid issues or not, is kept open.
|