The assessee is entitled only to claim interest paid as part of ...

Income Tax

May 8, 2020

The assessee is entitled only to claim interest paid as part of the said lease rentals as expenditure u/s 36 (1) (iii) of the Income Tax Act. The assessee, in view of the discussion made above, is not entitled to claim the principal component of alleged lease rent paid as ‘revenue expenditure’ u/s 37(1)

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The assessee is entitled only to claim interest paid as part of ...

Income Tax

May 8, 2020

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