Nature of expenditure - revenue or capital expenditure - ...

Case Laws Income Tax

June 23, 2020

Nature of expenditure - revenue or capital expenditure - One-time lease rental charges paid to Greater Noida Industrial Development Authorities (GNIDA) for a period of 90 years - Liability of lease rent relatable to year under consideration would be 1/90th of the amount paid and balance amount would be pre-paid advance rent only. The assessee is entitled to claim 1/90th of the amount every year till the period of lease of 90 years as revenue expenditure.

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Nature of expenditure - revenue or capital expenditure - ...

Case Laws Income Tax

June 23, 2020

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