TMI BlogDepreciation Claim on Assets Leased to Western Railways Approved After Proving Assessee's Lack of Asset Interest.Disallowance of depreciation - Assets leased to Western Railways -It is not proved that assessee is only a financer and is not interested in the assets and therefore, it cannot be said as full payout lease - depreciation allowed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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