Special Bench verdicts on Sale & Lease Back & lease finance are not good law

CLR Editorial Notes: In this case, the assessee, a Bank, had bought assets from a customers and had then leased it back to them under a sale and lease back agreement. It had also purchased assets which were identified by its customers and leased it to back to them under a finance lease agreement. The… Read More

Tags: Business, CIT, Del, Delhi High Court, Depreciation, Finance lease, India, IndusInd Bank, Leasing, Mumbai, Sale & Lease Back, Supreme Court, The Silver Chair