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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Expenditure incurred on leased out premises - expenditure ...

Income Tax

January 20, 2016

Expenditure incurred on leased out premises - expenditure incurred on the construction of any structure on the leased premises should result in saving of the revenue expenditure at the subsequent stage - the case of the assessee very much falls within the ambit of Explanation 1 of section 32(1) - AT

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