In Principal Commissioner Of Income Tax 2 v. Gujarat Lease Financing Ltd, the High Court (2018) dismissed the appeal. The decision went in favour of the assessee.
Decision: Without separately recording reasons, this Tax Appeal is dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF GUJARAT AT AHMEDABADR/TAX APPEAL NO. 1025 of 2018
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PRINCIPAL COMMISSIONER OF INCOME TAX 2
VersusGUJARAT LEASE FINANCING LTD
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Appearance:
MR MR BHATT, SENIOR ADVOCATE with MRS MAUNA M BHATT(174) for the PETITIONER(s) No. 1 for the RESPONDENT(s) No. 1
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CORAM: HONOURABLE MR.JUSTICE AKIL KURESHIand
HONOURABLE MR.JUSTICE B.N. KARIA
Date : 13/08/2018 ORAL ORDER
(PER : HONOURABLE MR.JUSTICE AKIL KURESHI)
1.In case of respondent assessee, for
assessment year 2002-03 the Revenue has
suggested following question.
“Whether the Appellate Tribunal has substantially erred in deleting the disallowance of depreciation amounting to Rs.1234005/- on leased assets ?”
2. Such a question was considered by us in a
separate order passed today in case of this
very assessee in Tax Appeal No.1023 of 2018. Without separately recording reasons, this Tax Appeal is dismissed.
(AKIL KURESHI, J)
(B.N. KARIA, J)
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