Nature of amount appropriated towards the Sinking Funds - The ...

Sinking Funds Appropriation Considered Rent; Taxable as Revenue Receipt Due to Assessee's Beneficial Retention.

December 8, 2016

Case Laws Income Tax HC

Nature of amount appropriated towards the Sinking Funds - The income was used by the assessee and for the assessee and the assessee retained the benefit arising therefrom - it is the part of rent and taxable as revenue receipt - HC

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Nature of amount appropriated towards the Sinking Funds - The ...

Sinking Funds Appropriation Considered Rent; Taxable as Revenue Receipt Due to Assessee's Beneficial Retention.

December 8, 2016

Case Laws Income Tax HC

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