TMI BlogLease rent payment - nature of expenditure -assessee acquired the land on lease for 33 years, the...Lease rent payment - nature of expenditure -assessee acquired the land on lease for 33 years, the capital structure did not undergo any change. The assessee has merely acquired the facility to carry on business profitably by paying nominal lease rent thus revenue expenditure. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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