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Stamp Duty & Registration charges for execution of Lease Deed allowable
Case Law Details
- Case Name
- R. Systems International Ltd Vs ACIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Delhi
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R. Systems International Ltd Vs ACIT (ITAT Delhi)
The issue under consideration is whether A.O. is correct in disallowing claim of stamp duty and registration charges by considering it as capital expenditure?
The assessee stated that the amount was incurred towards stamp duty and registration charges for execution of lease deed. Assessee is of the opinion that these expenses should be allowed u/s 37(1).
The impugned expenditure did not involve any element of premium in the amount claimed as expenditure. It was incurred only to draw up and get registered an effective and proper lease deed and w...
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