Stamp Duty & Registration charges for execution of Lease Deed allowable

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

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