TMI BlogAccrual of income - Merely because retention money is accounted for in the books of account, that by...Accrual of income - Merely because retention money is accounted for in the books of account, that by itself does not make it taxable in A.Y. 2010-11 when in law the same cannot be said to have accrued in that year as discussed above. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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