2018 (1) TMI 1348

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..... dmitted 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?” - Income Tax Appeal No. 543 of 2015 With Income Tax Appe .....

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..... e AO in view of the decision of the Supreme Court in the case of Vijaya Bank? (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? 3 Re Question (a) .....

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