{"id":63288,"date":"2026-07-31T16:31:54","date_gmt":"2026-07-31T11:01:54","guid":{"rendered":"https:\/\/itatonline.org\/digest\/birlasoft-ltd-v-asst-cit-2025-127-itr-63-173-taxmann-com-634-delhitrib-2\/"},"modified":"2026-07-31T16:31:54","modified_gmt":"2026-07-31T11:01:54","slug":"birlasoft-ltd-v-asst-cit-2025-127-itr-63-173-taxmann-com-634-delhitrib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/birlasoft-ltd-v-asst-cit-2025-127-itr-63-173-taxmann-com-634-delhitrib-2\/","title":{"rendered":"Birlasoft Ltd. v. Asst. CIT (2025) 127 ITR 63 \/ 173 taxmann.com 634 (Delhi)(Trib.)"},"content":{"rendered":"<p>The assessee claimed deduction towards lease equalisation reserve computed in accordance with Accounting Standard-19 for spreading lease rentals over the lease period. The Tribunal held that the claim represented a recognised method of accounting consistently followed by the assessee and accepted by the Revenue in other years. The lease equalisation reserve was not a contingent liability and was allowable as business expenditure. <strong>(<\/strong>AY. 2014-15).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1): Business expenditure-Lease equalisation reserve-Accounting Standard-19-Not a contingent liability-Deduction allowable. [S. 145] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-63288","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gsM","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=63288"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63288\/revisions"}],"predecessor-version":[{"id":63289,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63288\/revisions\/63289"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=63288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=63288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=63288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}