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Allowability of transfer of Rent to Lease equalisation reserve as per income tax act,1961

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(Querist)
31 May 2022 Is amount of rent tranferred to lease equalisation reserve as per As 19 under operating lease allowed as per income tax act,1961. If yes, can anyone please share the exact section which provides for the same?

Thanks in advance.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 June 2022 It's not allowed under income tax.
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CA Jaspreet Singh Sidana

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CA Jaspreet Singh Sidana (Querist)
02 June 2022 Thank you sir for your quick reply
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