Case Law Details
Case Name : Joint Commissioner of I.T Vs M/s. Mukund Limited (ITAT Mumbai - 'A' Special Bench)
Appeal Number : 2007 106 ITD 231 Mum : 2007 291 ITR 249 Mum : (2007) 109 TTJ Mum 172
Date of Judgement/Order : 15/02/2007
Related Assessment Year :
Courts :
All ITAT ITAT Mumbai
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The consideration of Rs.2.04 crores paid by the assessee company for obtaining the leasehold rights from MIDC in favour of the assessee for a period of 99 years is capital in nature and therefore, not allowable as deduction to the assessee.
IN THE INCOME TAX APPELLATE TRIBUNAL
MUMBAI “A” SPECIAL BENCH”, MUMBAI
ITA No.3488/M/99
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