Disallowance of amortization of premium on leasehold land - ...
Amortization of Premium on Leasehold Land Classified as Revenue Expenditure, Not Capital Expenditure.
October 30, 2017
Case Laws Income Tax AT
Disallowance of amortization of premium on leasehold land - Looking to the nature of the advantage which the assessee obtained in a commercial sense, the expenditure appears to be revenue expenditure.
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