https://www.taxtmi.com/caselaws?id=271371 The appeal was partly allowed with specific issues remanded back to the AO for further verification and adjudication. The Tribunal emphasized the importance of consistent accounting practices and proper recognition of income and expenses. Notably, the decision to treat the entire upfront premium as income in the year of receipt was upheld due to the absence of further obligations by the assessee. en-us Fri, 06 Nov 2015 00:00:00 +0530 Wed, 03 Feb 2016 06:51:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271371 The appeal was partly allowed with specific issues remanded back to the AO for further verification and adjudication. The Tribunal emphasized the importance of consistent accounting practices and proper recognition of income and expenses. Notably, the decision to treat the entire upfront premium as income in the year of receipt was upheld due to the absence of further obligations by the assessee. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271371