Deduction on account of lease equalization charges from lease ...

Court Upholds Use of ICAI Guidance Note for Tax Treatment of Lease Equalization Charges Under Income Tax Act.

April 28, 2018

Case Laws Income Tax SC

Deduction on account of lease equalization charges from lease rental - No force in the contentions of the Revenue that the accounting standards prescribed by the Guidance Note (issued by the ICAI) cannot be used to bifurcate the lease rental to reach the real income for the purpose of tax under the IT Act. - SC

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Deduction on account of lease equalization charges from lease ...

Court Upholds Use of ICAI Guidance Note for Tax Treatment of Lease Equalization Charges Under Income Tax Act.

April 28, 2018

Case Laws Income Tax SC

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