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

Tax Appeal Success: Construction Costs on Leasehold Land Approved, No Errors Found in Deleting Disallowed Additions. https://www.taxtmi.com/highlights?id=59224 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 en-us Mon, 16 Aug 2021 09:13:50 +0530 Mon, 16 Aug 2021 09:13:50 +0530 TaxTMI RSS Generator Tax Appeal Success: Construction Costs on Leasehold Land Approved, No Errors Found in Deleting Disallowed Additions. https://www.taxtmi.com/highlights?id=59224 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 Highlights Income Tax Mon, 16 Aug 2021 09:13:50 +0530 https://www.taxtmi.com/highlights?id=59224