TMI BlogDeduction of lease rent - lumpsum amount paid by the appellant/assessee for the entire tenure of the...Deduction of lease rent - lumpsum amount paid by the appellant/assessee for the entire tenure of the lease i.e. 99 years - matching principle - Given the facts obtaining in this case, the matching principle would have no applicability. The appellant/assessee chose to incur the liability of a crystallised amount in the period relevant to the AY in issue i.e. AY 2007-2008, and therefore, it was entitled to seek deduction of the amount which fulfilled the attributes - The expenditure was not in the..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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