2018 (5) TMI 1003

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....ri Kumar Pranav, Sr. DR ORDER Per R. S. Syal, VP This appeal filed by the Revenue arises out of the order passed by the CIT(A) on 22.01.2014 for the assessment year 2007-08. 2. The first ground challenges the deletion of addition of Rs. 1,50,93,300/- on the issue of upward adjustment made by the AO/TPO in the arm's length price. The ground has been drafted incorrectly inasmuch as the l....

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....Rs. 31,86,933/-, being, stamp duty charges paid for leasehold premises. The facts apropos this ground are that the assessee incurred stamp duty charges of Rs. 47,80,400/- on lease deed in respect of certain property taken on hire in Hyderabad. The Assessing Officer held that the hiring of property resulted in an enduring benefit to the assessee. Considering the period of lease, he allowed deductio....