A two-judge bench of the Calcutta High Court has held that the payment made to resume the sub-tenanted portion of the property is not business expenditure as the same amount to capital in nature, and therefore, no deduction can be allowed under the provisions of the Income Tax Act, 1961. In the instant case, the […]
The post Payment to Resume Sub-Tenanted Portion of Property is Capital Expenditure: Calcutta HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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