Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2005 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2005 (8) TMI 34 - HC - Income Tax"(1) Whether the finding of the Tribunal that your petitioner was not the owner of the said plant is perverse having been arrived at by ignoring the relevant materials and taking into consideration irrelevant and extraneous considerations and such finding is otherwise arbitrary? Held, yes - (2) Whether the Tribunal having found that the lease dated December 30, 1994 was not a colourable transaction and was legally valid could hold that your petitioner was not the owner of the said plant? Held, no - (3) Whether the Tribunal could hold that your petitioner was not the owner of the said plant and was not entitled to depreciation thereon when neither WPIL nor SIL claimed any ownership of the said plant and claimed any depreciation thereon? Held, no - (4) Whether the claim for depreciation on the said plant could be denied when the rental income therefrom was assessed? - Held, no
|