As per AS -19 Advance for lease should be recognized proportionately over the period of lease

HIGH COURT OF BOMBAY Commissioner of Income-tax versus Reliance Communication Infrastructure Ltd. IT Appeal No. 4727 of 2010 October 22, 2012 JUDGMENT M.S. Sanklecha, J. This appeal by the revenue under Section 260A of the Income Tax Act (“the Act”) challenges the order dated 21/8/1989 passed by the Income Tax Appellate Tribunal (“the Tribunal”) relating to the assessment year 2004-05. 2. Being aggrieved the appellant revenue has formulated the following questions of law for the consideration of this Court: (a)  Whether on the facts and in the circumst...