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Income Tax - Highlights / Catch Notes

Home Highlights November 2023 Year 2023 This

Nature of expenses - Taking computers and vehicles taken on ...


Classification of Lease Payments: Revenue vs. Capital Expenditure Decision for Computer & Vehicle Leases.

November 27, 2023

Case Laws     Income Tax     AT

Nature of expenses - Taking computers and vehicles taken on lease - deduction of payment of principal amount as revenue expenditure - financial lease or operational lease - Revenue or capital expenditure - AO directed to verify the details and decide the issue afresh - AT

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