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1993 (2) TMI 9 - SC - Income Tax
Tribunal hold that the royalty amounts should be assessed on cash basis for 1967-68, 1968-69 and 1969-70 assessment if the books and balance-sheet of such receipts were found to be maintained on cash basis and in directing fresh assessment on such basis - held that method of accounting is not relevant in this case - held that credit entry amounts to receipt of income - Non-resident is liable to tax