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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Addition u/s 41(1) - remission or cessation - rents collected ...


Chennai Port Trust Rent Remission: Assessee's Unpaid Collections Taxed as Income Under Income Tax Act Section 41(1.

April 5, 2019

Case Laws     Income Tax     HC

Addition u/s 41(1) - remission or cessation - rents collected from its customers - once the Assessee had enjoyed the collected amounts as its income without paying it to the Chennai Port Trust, they were under obligation to be taxed u/s 41(1)

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