RAJSHREE ROADWAYS Vs. UNION OF INDIA

JUDGEMENT

(1.) SINCE all the three appeals involve common question of law, the same are being decided by the common judgment.

(2.) THESE appeals are directed against the judgment and order of the Income-tax Appellate Tribunal, Jaipur Bench, Jaipur (for short 'the Tribunal'), dt. 27th Nov., 2000. The appeals were admitted in terms of the following questions :

(3.) WHETHER the assessee is owner of the trucks or the trucks were taken on lease for three years, that has to be considered in the facts and circumstances of the case i.e., taking into account the terms and conditions of the agreement and also the contents of the letter which reveal the intention of the assessee.