https://www.taxtmi.com/highlights?id=15486 Disallowance on account of lease equalization – if the annual leasing charge is equivalent to 30% of the value of leased assets, the assessee would debit its P&L account by lease equalization charges to the extent of 20% of the value of asset as per the guidance note issued by ICAI. - AT en-us Sat, 02 Nov 2013 11:21:01 +0530 Sat, 02 Nov 2013 11:21:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=15486 Disallowance on account of lease equalization – if the annual leasing charge is equivalent to 30% of the value of leased assets, the assessee would debit its P&L account by lease equalization charges to the extent of 20% of the value of asset as per the guidance note issued by ICAI. - AT Highlights Income Tax Sat, 02 Nov 2013 11:21:01 +0530 https://www.taxtmi.com/highlights?id=15486