{"id":5919,"date":"2026-05-18T11:20:05","date_gmt":"2026-05-18T11:20:05","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=5919"},"modified":"2026-05-18T11:20:07","modified_gmt":"2026-05-18T11:20:07","slug":"income-tax-sc-judgement-dated-10-04-2026-allows-depreciation-on-leased-assets-as-actual-physical-use-not-mandatory","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/05\/18\/income-tax-sc-judgement-dated-10-04-2026-allows-depreciation-on-leased-assets-as-actual-physical-use-not-mandatory\/","title":{"rendered":"Income tax, SC Judgement Dated 10\/04\/2026 &#8211; Allows Depreciation on Leased Assets as Actual Physical Use not Mandatory\u00a0"},"content":{"rendered":"\n<p><em>Case of CIT vs Tata Motors Ltd,\u00a0\u00a0SC\u00a0\u00a0Judgement Dated 10<sup>th<\/sup>\u00a0May 2026.<\/em>\u00a0The principal issue was whether depreciation could be allowed where leased assets were used by lessees but ownership remained with the assessee. The apex court had clarified that where the business of the assessee consists of leasing or hiring assets, income from such leasing constitutes business income and the leased assets are regarded as used for the purposes of business. It emphasized that actual physical use by the assessee is not mandatory.\u00a0<\/p>\n\n\n\n<p><a href=\"https:\/\/drive.google.com\/file\/d\/1HXG42udM25N-RdIRDPBRCNjVRfQKe_SS\/view?usp=sharing\"><em>(Link: SC Judgement Dated 10\/04\/2026)<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Case of CIT vs Tata Motors Ltd,\u00a0\u00a0SC\u00a0\u00a0Judgement Dated 10th\u00a0May 2026.\u00a0The principal issue was whether depreciation could be allowed where leased [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[8,15],"tags":[],"class_list":["post-5919","post","type-post","status-publish","format-standard","hentry","category-income-tax","category-judiciary"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Income tax, SC Judgement Dated 10\/04\/2026 - Allows Depreciation on Leased Assets as Actual Physical Use not Mandatory\u00a0 - Bhatia Bhola &amp; 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