Lease registration charges should be treated as revenue expenditure

CIT Vs Benetton India Pvt. Ltd (Delhi High Court) The case of CIT vs. Benetton India Pvt. Ltd. heard by the Delhi High Court revolves around several contentious issues raised by the Principal Commissioner against orders passed by the Income Tax Appellate Tribunal (ITAT). Here’s a comprehensive summary of the case: The Principal Commissioner contested orders dated July 10, 2017, and October 27, 2017, issued by the ITAT. They posed several questions for the court’s consideration: Whether the ITAT unlawfully deleted additions made for reimbursement of expenses toward software costs t...