Dlf Limited,Delhi vs National Faceless Assessment Centre, ... on 30 October, 2025
(i) Prakash Leasing Ltd. Vs DCIT [2012] 208 Taxman 464. In
this case, the Karnataka High Court considered the question
regarding deduction of lease equalisation charges from lease receipts
wherein it was contended by the assessee that it was entitled to
claim deduction of such lease equalisation taking recourse to the
guidance note issued by ICAI while accounting for lease transaction.