Held that once the amount of finance lease charges was reduced by the assessee by means of credit to the account, the same ought to have been reduced for the purpose of claiming deduction as well; in the absence of details of re-classification of the amount credited to finance lease charges, same is not allowable as deduction.(AY. 2013-14)
Capgemini Technology Services India Ltd. v. Dy. CIT (2022) 220 TTJ 409 (Pune) (Trib)
S. 37(1) : Business expenditure-Finance lease-Reclassified and claimed as deduction-Absence of details not allowed as deduction.