The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the receipt from the Keyman Insurance Policy is taxable on receipt basis only. The assessee company is a buying Agent in respect of abroad based clients and engaged in the business of Consultancy and Commission Income. The Assessing Officer made an addition […]
The post Receipt from Keyman Insurance Policy taxable on Receipt Basis Only: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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