Relief to ICICI Bank: ITAT directs to allow Depreciation claimed on Leased Assets continuing from Past Lease Transactions. [Read Order]

The Mumbai ITAT orders to permit depreciation claims on leased assets continuing from previous lease transactions while providing ICICI Bank with relief
leased assets- past lease transactions - Depreciation - Income Tax Appellate Tribunal - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Mumbai bench, directed to allow depreciation claims on leased assets continuing from past lease transactions hence granting relief to ICICI Bank. The assessee, ICICI Bank Ltd, engaged in the business of banking and related activities. After filing the return, the case was selected for scrutiny. The AO observed that…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1599 + GST for 1 year

Subscribe Now

taxscan-loader