Lease Payments for Asset Use Allowed as Revenue Expenditure u/s 37 of Income Tax Act.

Lease Payments for Asset Use Allowed as Revenue Expenditure u/s 37 of Income Tax Act. https://www.taxtmi.com/highlights?id=24093 Disallowance on account of lease payment made by the assessee - Lease charges paid for the use of the asset, without acquiring any ownership rights in the same, are allowable as revenue expenditure u/s 37 - AT en-us Thu, 06 Aug 2015 07:51:54 +0530 Thu, 06 Aug 2015 07:51:54 +0530 TaxTMI RSS Generator Lease Payments for Asset Use Allowed as Revenue Expenditure u/s 37 of Income Tax Act. https://www.taxtmi.com/highlights?id=24093 Disallowance on account of lease payment made by the assessee - Lease charges paid for the use of the asset, without acquiring any ownership rights in the same, are allowable as revenue expenditure u/s 37 - AT Highlights Income Tax Thu, 06 Aug 2015 07:51:54 +0530 https://www.taxtmi.com/highlights?id=24093