Accepting the lease equalization charges adjustment in respect ...

Tax Authorities Must Apply Lease Equalization Charges Consistently for Fairness, Regardless of Revenue Impact.

August 3, 2017

Case Laws Income Tax AT

Accepting the lease equalization charges adjustment in respect of the property taken on rent and rejecting the same in respect of the property given on rent does not fit it into any logic and it is not permissible for the Revenue to follow the rule of convenience i.e. wherever the amount is added back it is accepted and wherever the amount is reduced it is rejected.

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Accepting the lease equalization charges adjustment in respect ...

Tax Authorities Must Apply Lease Equalization Charges Consistently for Fairness, Regardless of Revenue Impact.

August 3, 2017

Case Laws Income Tax AT

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