THE COMMISSIONER OF INCOME TAX vs. M/S V S LAD and SONS
In the result, the second
ITA/100103/2014HC Karnataka27 Nov 2019
Bench: N.S.SANJAY GOWDA,ALOK ARADHE
Section 132Section 260ASection 32Section 37(1)Section 80GSection 80I
depreciation claimed
against the amount paid towards acquisition
of leasehold rights over land for a period of
30 years, is a revenue expenditure and is
eligible for deduction under Section 37(1)
of the Income Tax Act, 1961?
: 3 :
4.
With consent of learned counsel for the
parties, the same is heard finally.
5.
Facts giving rise to filing
