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2016 (10) TMI 1263 - HC - Income TaxAccrual of income - demurrage/wharfage charges accrued to the assessee particularly when the assessee followed mercantile system of accounting - HELD THAT:- Taking into consideration the evidence on record, we are of the opinion that the Tribunal while considering the issue has rightly appreciated and has rightly allowed the appeal preferred by the assessee. Assessee was a Government Corporation and has shown the liability in spite of stay order granted by the Court and in our view, the view taken by the Tribunal is just and proper. The issues are required to be answered in favour of the assessee and against the Department.
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