Disallowance of Lease Deed Registration Charges - registration ...

Case Laws     Income Tax

January 1, 2021

Disallowance of Lease Deed Registration Charges - registration charge for a leased property - Merely because Joint venture partners decides about who puts in money in J V for what purposes, it is merely that they are deciding about the sources of the funds, expenditure of J V may be financed out of that , but that does not make it the liabilities of J V partners, Instead of J V Itself. Therefore, in view of this we hold that the expenditure is incurred by the assessee for registration of lease deed. - Deduction of expenditure allowed u/s 37(1) - AT

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