TMI Blog2012 (11) TMI 1228X X X X Extracts X X X X X X X X Extracts X X X X ..... count of “Royalty and Fees for Technical Services” is taxable on receipt basis and not on accrual basis - Income Tax Appeal No. 1033 of 2011 - - - Dated:- 20-11-2012 - J. P. Devadhar And M. S. Sanklecha, JJ. For the Appellant : Suresh Kumar For the Respondent : P. J. Pardiwala, Sr. Advocate with Sameer Chitnis i/by Crawford Bayley Co. ORDER Three questions of law are raised ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d in law the ITAT was justified in holding that the income of the assessee arising on account of Royalty and Fees for Technical Services is taxable on receipt basis and not on accrual basis as held by the Assessing officer in the assessment order ? 2) As regards the first question is concerned, Counsel for the parties state that the said question stands answered against the revenue by the de ..... X X X X Extracts X X X X X X X X Extracts X X X X
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