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2018 (1) TMI 1348 - HC - Income TaxDisallowance on account of broken period interest - treated as capital expenditure - Held that:- The issue urged by the Revenue herein stands concluded by the decision of this Court in CIT v/s. HDFC Bank Ltd., (2014 (8) TMI 119 - BOMBAY HIGH COURT) - No substantial question of law. Appeal admitted on the substantial question of law at (b) - Whether on the facts and in the circumstances and in law, the Tribunal was justified in deleting the disallowance made on account of depreciation of leased assets when the assets were not actually owned by the assessee and leased out, but the transaction was in the nature of finance only?”
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