Nature of Lease - In substance, finance lease is a loan from the ...

Case Laws Income Tax

November 4, 2013

Nature of Lease - In substance, finance lease is a loan from the lessor to the lessee. In an operating lease, the lessor bears the risk of loss, the period is cancellable and lease rentals are not synchronized with the economic life of the asset. - AT

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Nature of Lease - In substance, finance lease is a loan from the ...

Case Laws Income Tax

November 4, 2013

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