Where net amount is received after adjustment - Whether such amount of adjustment is taxable as revenue receipt

Where net amount is received after adjustment - Whether such amount of adjustment is taxable as revenue receipt https://www.taxtmi.com/news?id=662 The recovery of licence fee/rent by adjustment against charges payable to a cargo handling contractor was part of the contractual charge structure for cargo handling and was inextricably linked to the carrier's cargo handling activity, thereby constituting an element of that business's income stream rather than a separate rental business. en-us Tue, 11 Nov 2008 21:31:57 +0530 Tue, 11 Nov 2008 21:31:57 +0530 TaxTMI RSS Generator Where net amount is received after adjustment - Whether such amount of adjustment is taxable as revenue receipt https://www.taxtmi.com/news?id=662 The recovery of licence fee/rent by adjustment against charges payable to a cargo handling contractor was part of the contractual charge structure for cargo handling and was inextricably linked to the carrier's cargo handling activity, thereby constituting an element of that business's income stream rather than a separate rental business. News - Tue, 11 Nov 2008 21:31:57 +0530 https://www.taxtmi.com/news?id=662