https://www.taxtmi.com/highlights?id=53334 The assessee is entitled only to claim interest paid as part of the said lease rentals as expenditure u/s 36 (1) (iii) of the Income Tax Act. The assessee, in view of the discussion made above, is not entitled to claim the principal component of alleged lease rent paid as ‘revenue expenditure’ u/s 37(1) en-us Fri, 08 May 2020 11:38:03 +0530 Fri, 08 May 2020 11:38:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53334 The assessee is entitled only to claim interest paid as part of the said lease rentals as expenditure u/s 36 (1) (iii) of the Income Tax Act. The assessee, in view of the discussion made above, is not entitled to claim the principal component of alleged lease rent paid as ‘revenue expenditure’ u/s 37(1) Highlights Income Tax Fri, 08 May 2020 11:38:03 +0530 https://www.taxtmi.com/highlights?id=53334