https://www.taxtmi.com/highlights?id=28976 Addition on account of lump-sum lease charges received - lease transaction does not give an absolute ownership or title as it can be cancelled and re-entered - assessee has been consistently following the accounting policy of recognizing the lease rental proportionate to the lease period and therefore the consistent accounting method followed by the assessee for a considerable long time cannot be disturbed when there is nothing on record to suggest that the accounting method followed by the assessee resulted avoidance of tax - addition deleted - AT en-us Thu, 05 May 2016 00:50:08 +0530 Thu, 05 May 2016 00:50:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=28976 Addition on account of lump-sum lease charges received - lease transaction does not give an absolute ownership or title as it can be cancelled and re-entered - assessee has been consistently following the accounting policy of recognizing the lease rental proportionate to the lease period and therefore the consistent accounting method followed by the assessee for a considerable long time cannot be disturbed when there is nothing on record to suggest that the accounting method followed by the assessee resulted avoidance of tax - addition deleted - AT Highlights Income Tax Thu, 05 May 2016 00:50:08 +0530 https://www.taxtmi.com/highlights?id=28976