Arrears of rent is assessable on receipt basis. S. 25B is not retrospective. (AYs.1985-86, 1996-97 to 2002-03 )
CIT v. Punalur Paper Mills Ltd. (2019)411 ITR 563/ 176 DTR 342/ 309 CTR 42 (Ker.)(HC)
S. 25B : Income from house property-Arrears of rent-Assessable on receipt basis – Provision is not retrospective. [S. 23]