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![Lease Rental on equipment paid without Acquiring Ownership is Revenue Expenditure, allowable to Deduct from Taxable Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Lease-Rental-revenue-expenditure-deduct-taxable-income-ITAT-taxscan.jpg "Lease Rental on equipment paid without Acquiring Ownership is Revenue Expenditure, allowable to Deduct from Taxable Income: ITAT [Read Order]")
Lease Rental on equipment paid without Acquiring Ownership is Revenue Expenditure, allowable to Deduct from Taxable Income: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) held that lease charges paid for the use of the asset, without acquiring any ownership rights in the same,...
![Capital Gain Exemption can’t be Denied merely on ground that Assessee has a Partial or Fractional Ownership of Residential House: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Capital-Gain-Tax-Taxscan.jpg "Capital Gain Exemption can’t be Denied merely on ground that Assessee has a Partial or Fractional Ownership of Residential House: ITAT [Read Order]")