INCOME TAX : Where CENVAT credit on passenger service fee (PSF)/user development fee (UDF) and advertisement fee was not actually received by assessee, but anticipating that it was entitled to such credit, assessee had offered them as income, assessee would be entitled to claim deduction of such amount in subsequent assessment year by way of reversal of entriesINCOME TAX : Where CENVAT credit on passenger service fee (PSF)/user development fee (UDF) and advertisement fee was not actually received by assessee, but anticipating that it was entitled to such credit, assessee had offered them as income, assessee would be entitled to claim deduction of such amount in subsequent assessment year by way of reversal of entrieswww.taxmann.com Latest Case LawsRead More
