Case Law Details
Case Name : CIT Vs. Virtual Soft Systems Ltd (Delhi High Court)
Appeal Number : ITA Nos. 216/2011. 398/2011
Date of Judgement/Order : 07/02/2012
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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CIT Vs. Virtual Soft Systems Ltd (Delhi High Court)– Lease rental in monetary terms is a sum total of the financing charge and the amount embedded in it in the form of the capital sum. What the assessee needs to do, while offering for tax income derived from lease is, to separate the financin
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