2022 (9) TMI 39

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....ekha Raman and Mr. Purushottam Kr. Jha, Advocates. Respondent: Mr. Abhishek Maratha, Sr. Standing Counsel for Revenue. JUDGMENT MANMOHAN, J (Oral): CM APPL. 35348-49/2022 (exemption) Exemptions allowed, subject to all just exceptions. Accordingly, these applications stand disposed of. ITA 265/2022 1. Present Income Tax Appeal has been filed challenging the Order dated 29th ....

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....cially when no ownership was created by payment of lump sum premium. She also states that ITAT has erred in not appreciating that there is no addition to the capital structure but only enables the Appellant to carry on its business after paying nominal rent and hence lease premium paid is revenue expenditure. 5. Issue notice. Mr. Abhishek Maratha, learned Senior Standing Counsel for Revenue acc....