HC: Upholds penalty; Sale & lease back transaction, 'hurriedly planned act' to claim 100% depreciation


Conclusion

Madras HC upholds penalty levy with respect to depreciation disallowance on machinery for AY 1996-97, holds that assessee-lessor had entered into a sale cum lease back transaction ...

Purchase this Article

2000₹   Buy Now


For 2000₹, purchase this and receive immediate online access.

 

Already a Subscriber?

Log in for complete access.

Log In

Queries?

Contact Vidyadhar Mhatre at +91 93200 54016
Email - sales@taxsutra.com

Top