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2017 (1) TMI 1669 - HC - Income TaxAccrual of income - Demurrage/wharfage charges accrued to the assessee - assessee followed mercantile system of the accounting - existing right in favour of the assessee to receive the charges and the assessee accordingly billed for the same - HELD THAT:- The issue came up before this court in respect of the same assessee [2016 (10) TMI 1263 - RAJASTHAN HIGH COURT] wherein it has been held 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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