Disallowance of Depreciation - lease transaction - No ...

Lessor Denied Depreciation Claim: Lease Transaction with Indo Gulf Fertilizers Ruled as Loan, Not Genuine Lease.

September 17, 2013

Case Laws Income Tax AT

Disallowance of Depreciation - lease transaction - No depreciation can be allowed to the lessor - it was a case of mere advancing of loan by the assessee to Indo Gulf Fertilizers - There was, in fact, no genuine leasing of boiler, neither operating nor finance - AT

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Disallowance of Depreciation - lease transaction - No ...

Lessor Denied Depreciation Claim: Lease Transaction with Indo Gulf Fertilizers Ruled as Loan, Not Genuine Lease.

September 17, 2013

Case Laws Income Tax AT

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