Accrual of income - it cannot be said that income has actually ...

Income Only Accrues When Services Are Performed, Not Just When Received in the Same Year.

July 29, 2015

Case Laws Income Tax AT

Accrual of income - it cannot be said that income has actually accrued to the assessee in one year even though it might have received it in one year. Mere receipt does not ensure accrual unless an equivalent part of the agreed services by the receiver is rendered. - AT

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Accrual of income - it cannot be said that income has actually ...

Income Only Accrues When Services Are Performed, Not Just When Received in the Same Year.

July 29, 2015

Case Laws Income Tax AT

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