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Income Tax - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

Depreciation on sale and lease back transaction – Not for sale ...


Court Upholds Legitimacy of Sale and Leaseback Transaction; No Evidence of Fraud Found Despite "Not for Sale" Sign.

July 19, 2014

Case Laws     Income Tax     HC

Depreciation on sale and lease back transaction – Not for sale sign affixed on assets - no material produced by the Revenue to show that the transaction of sale and lease back was not genuine or was bogus - HC

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