Case Law Details
Case Name : Acuity Holdings Pvt. Ltd. Vs DCIT (ITAT Mumbai)
Related Assessment Year : 2012-13
Courts :
All ITAT ITAT Mumbai
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Acuity Holdings Pvt. Ltd. Vs DCIT (ITAT Mumbai)
Undisputedly, the subject premise in respect of which the assessee has claimed the rental expenses has been taken on lease by the assessee. Though, in the leave and license agreement, it is mentioned that it has been taken on lease for the use of residence of directors/employees, however, it cannot be said that in course of such user, the directors are not doing any official work, such as, meeting the investors, etc. Therefore, merely because as per the terms of the leave and license agreement the premise is to be used foRer residence purpose of ...
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Dear sir
I am working in best company and my company wants to take a flat on lease basis on my NAME for 3 years, rent is 15 Lack.
could you please help. what about tax liability and also is there in process for above. could you pl guide.
thankx
pramod sakpal