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M/s. Simpson & General Finance Co. Ltd. Versus The Assistant Commissioner of Income Tax

2016 (9) TMI 337 - BOMBAY HIGH COURT

Finance Lease transaction - whether the entire lease rental should be offered as income contrary to the Accounting Standard 19 dealing with according of leases issued by the Institute of Chartered Accountants of India? - whether Tribunal was justifie .....

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ation on leased assets? - Held that:- Tthe substantial questions of law above have been answered against the assessee and the issues are now pending before the Supreme Court - Tax Case Appeal No. 257 of 2016 - Dated:- 31-8-2016 - S. Manikumar And D. .....

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ome Tax Appellate Tribunal in I.T.A.No.2844/Mds/2014, dated 30/6/2015, for the assessment year 2010 2011. 2. Substantial questions of law raised in the instant Tax Case Appeal are as follows:- 1. Whether on the facts and circumstances of the case, th .....

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untants of India? 2. Whether on the facts and circumstances of the case, the Tribunal was justified in not directing the assessing Officer to consider that in the case of financial lease only the interest income accrued to assessee should be taxed an .....

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