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Appeal of assessee allowed.Challenging the disallowance of Rs.50,09,835/- recognised as principal payments made towards finance lease.

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Section 37 of the Income Tax Act, 1961 — Business Expenditure — Infrastructure assets were taken on finance lease and assessee would buy same after termination of lease, same being exclusively used for business during lease period. rent paid was to be allowed as revenue Expenditure — NIIT India vs. Deputy Commissioner of income tax [2020] 180 ITD 141 (Delhi-trib)

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