Nature of stamp duty paid in relation to the leased business ...

Income Tax

July 8, 2020

Nature of stamp duty paid in relation to the leased business premises - Revenue or capital expenditure - lease was for a period of 10 years - The same is not a deferred revenue expenditure - AO directed to allow the stamp duty charges paid by the assessee as an expenditure for the current year holding it to be revenue expenditure in nature allowable u/s 37(1).

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Nature of stamp duty paid in relation to the leased business ...

Income Tax

July 8, 2020

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