Nature of expenditure - Construction cost incurred on building ...

Tax Appeal Success: Construction Costs on Leasehold Land Approved, No Errors Found in Deleting Disallowed Additions.

August 16, 2021

Case Laws     Income Tax     AT

Nature of expenditure - Construction cost incurred on building constructed on leasehold land - there is clear commercial advantage in terms of saving in rent payments - there is no error in the findings recorded by the learned CIT(A) in deleting additions made by the Assessing Officer towards disallowance of cost of construction on leasehold land. - AT

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