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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

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

Income Tax

April 28, 2018

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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