Wednesday, June 11, 2014

[aaykarbhavan] AO couldn’t doubt sanctity of lease rentals paid by lessee if lessor had paid income-tax thereon




 

AO couldn't doubt sanctity of lease rentals paid by lessee if lessor had paid income-tax thereon

June 12, 2014[2014] 45 taxmann.com 293 (Karnataka)
IT : If plant and machinery taken on lease is duly reflected in books of lessor, rent thereon could not be disallowed
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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