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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Income recognition - timing of the accrual of income - ...


Income from project taxed entirely in assessment year 2005-06; timing of income recognition clarified.

March 5, 2015

Case Laws     Income Tax     AT

Income recognition - timing of the accrual of income - registration of sale deeds - AO has bifurcated the income from this project in two years - income of the assessee from this project is chargeable to tax in entirety in the assessment year 2005-06 - AT

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