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

Chennai Port Trust Rent Remission: Assessee's Unpaid Collections Taxed as Income Under Income Tax Act Section 41(1. https://www.taxtmi.com/highlights?id=45690 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) en-us Fri, 05 Apr 2019 08:58:50 +0530 Thu, 04 Apr 2019 14:14:32 +0530 TaxTMI RSS Generator Chennai Port Trust Rent Remission: Assessee's Unpaid Collections Taxed as Income Under Income Tax Act Section 41(1. https://www.taxtmi.com/highlights?id=45690 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) Highlights Income Tax Fri, 05 Apr 2019 08:58:50 +0530 https://www.taxtmi.com/highlights?id=45690