Upfront premium received for 30 years taxable in year of receipt :ITAT
IN THE ITAT BANGALORE BENCH ‘C’ New Mangalore Port Trust v. Assistant Commissioner of Income-tax, Circle 1 (1), Mangalore VIJAY PAL RAO, JUDICIAL MEMBER AND JASON P. BOAZ, ACCOUNTANT MEMBER IT APPEAL NO. 1299 (BANG.) OF 2013 [ASSESSMENT YEAR 2009-10] NOVEMBER 6, 2015 V. Srinivasan, CA for the Appellant. Smt. Chandana Ramachandran, CIT, DR for… Read More »