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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Deduction u/s 37 – assessee was compulsorily required to build a ...


Expenses for Repairs on Leased Property Deemed Revenue Expenditure u/s 37 for Non-Owner Assessee.

June 4, 2014

Case Laws     Income Tax     HC

Deduction u/s 37 – assessee was compulsorily required to build a new shop on land which was not his own property - Expenses on premises taken on lease towards repairs, fixtures etc. allowed as revenue expenditure - HC

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