Guarantee commission Income should be spread over the period to which it relates

IN THE ITAT MUMBAI BENCH ‘L’ BNP Paribas SA V/s. Deputy Director of Income-tax (International Taxation)  IT APPEAL NOs. 2022, 2023, 2048 & 2049 (MUM.) OF 2008 [ASSESSMENT YEARS 2002-03 & 2003-04] JUNE 20, 2012 ORDER P.M. Jagtap, Accountant Member These four appeals, two filed by the assessee and two filed by the revenue, are cross appeals for A.Y. 2002-03 and 2003-04 and since some common issues are involved therein, the same have been heard and are being dispose off by a single composite order for the sake of convenience. 2. First, we shall take-up the Cr...