Case Law Details
Case Name : Commissioner of Income Tax-I Vs Airline Allied Services Ltd. (Delhi High Court)
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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The Assessing Officer had noticed that grant of Rs. 35 crores was sanctioned by the Government in the said year to improve air connectivity in North-Eastern Region. The respondent- assessee had taken on lease four ATR-42-320 air crafts for five years from Ms/ Aviande Transport Regional (ATR).3 The respondent- assessee had authorized and had spread this grant over a period of five years as the lease period of the air crafts was sixty months. The Assessing Officer disagreed and held that once the respondent- assessee had received the grant of Rs. 35 crores from the Ministry of Finance and Compan...
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