https://www.taxtmi.com/forum/issue?id=5352 The prohibition on cash receipts may apply where a lessee pays a cash lease advance that is refundable after the lease, because applicability depends on the legal character of the amount. If the sum is refundable, the rule forbidding prescribed cash receipts is engaged. Determination of whether the payment is a refundable advance or rent is a question of fact requiring examination of the lease agreement and surrounding circumstances; factual findings and evidence will control whether the assessing officer's contention stands. en-us Mon, 25 Feb 2013 22:27:15 +0530 Thu, 23 Jan 2025 15:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5352 The prohibition on cash receipts may apply where a lessee pays a cash lease advance that is refundable after the lease, because applicability depends on the legal character of the amount. If the sum is refundable, the rule forbidding prescribed cash receipts is engaged. Determination of whether the payment is a refundable advance or rent is a question of fact requiring examination of the lease agreement and surrounding circumstances; factual findings and evidence will control whether the assessing officer's contention stands. Discussion-Forum Income Tax Mon, 25 Feb 2013 22:27:15 +0530 https://www.taxtmi.com/forum/issue?id=5352