Accrual of income - Compensation received for the loss of income ...

Loss of Income Compensation Not Taxable Under Cash Basis: Income Recognized Only When Received.

September 11, 2014

Case Laws Income Tax AT

Accrual of income - Compensation received for the loss of income – cash basis of accounting - assessee as admitted that he was following the cash system of accounting and hence the amounts in question cannot be taxed as the same was not received - AT

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Accrual of income - Compensation received for the loss of income ...

Loss of Income Compensation Not Taxable Under Cash Basis: Income Recognized Only When Received.

September 11, 2014

Case Laws Income Tax AT

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