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Income Tax - Highlights / Catch Notes

Home Highlights October 2017 Year 2017 This

Disallowance of amortization of premium on leasehold land - ...


Amortization of Premium on Leasehold Land Classified as Revenue Expenditure, Not Capital Expenditure.

October 30, 2017

Case Laws     Income Tax     AT

Disallowance of amortization of premium on leasehold land - Looking to the nature of the advantage which the assessee obtained in a commercial sense, the expenditure appears to be revenue expenditure.

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