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2021 (2) TMI 834 - AT - Income TaxLease rentals income - AO held the lease transaction as operating lease and made such an addition on account of capital recovery of the assets to lease income, treating it as on operating lease - CIT-(A) held that lease transaction as finance lease and allowed the appeal of the assessee - HELD THAT:- The issue that arises for our consideration in this appeal is directly and substantially dealt with and decided by a coordinate Bench of this Tribunal in assessee's own case for the assessment year 2010-11 [2017 (8) TMI 417 - ITAT DELHI] accepted the lease transaction of the assessee as 'finance lease' transaction and restored the matter to the Assessing Officer for verification of facts of lease charges. - Decided in favour of the assessee.
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