Trust Revenue Recognition: No Income Declared for Unredeemed Securities by March 31, 2012, Rules Tax Appeals Commissioner.

Trust Revenue Recognition: No Income Declared for Unredeemed Securities by March 31, 2012, Rules Tax Appeals Commissioner. https://www.taxtmi.com/highlights?id=55175 Taxation in the hands of the trust/AOP - Revenue recognition - Redemption of the relevant SRs had not taken place till 31.03.2012, therefore, the CIT(A) had rightly concluded that no upside income/surplus could have been recognized in the hands of the assessee for the year under consideration. - AT en-us Thu, 15 Oct 2020 14:43:48 +0530 Thu, 15 Oct 2020 14:43:48 +0530 TaxTMI RSS Generator Trust Revenue Recognition: No Income Declared for Unredeemed Securities by March 31, 2012, Rules Tax Appeals Commissioner. https://www.taxtmi.com/highlights?id=55175 Taxation in the hands of the trust/AOP - Revenue recognition - Redemption of the relevant SRs had not taken place till 31.03.2012, therefore, the CIT(A) had rightly concluded that no upside income/surplus could have been recognized in the hands of the assessee for the year under consideration. - AT Highlights Income Tax Thu, 15 Oct 2020 14:43:48 +0530 https://www.taxtmi.com/highlights?id=55175