Held that that the lease equalisation charges were not to be treated as adjustments needing to be added back while computing the book profits. The addition is deleted. (AY.2014-15)
Xchanging Technology Services India P. Ltd. v. ACIT (2024)110 ITR 52 (SN)(Delhi)(Trib)
S. 115JB : Company-Book profit-Lease equalisation reserve created on leases on buildings being used by assessee-Not to be added while computing book profits.
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