When the lease itself has been held to be only a paper ...

Assessing Officer Ordered to Reduce Lease Rental Income Due to Bogus Transaction Finding Under Lease Agreement.

February 14, 2015

Case Laws Income Tax AT

When the lease itself has been held to be only a paper transaction and a bogus transaction, then income there-from also cannot be accepted. - AO directed to reduce the lease rental income subject to the condition that the assessed income shall not be less than the returned income. - AT

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When the lease itself has been held to be only a paper ...

Assessing Officer Ordered to Reduce Lease Rental Income Due to Bogus Transaction Finding Under Lease Agreement.

February 14, 2015

Case Laws Income Tax AT

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