Accrual of Income - Addition towards service fees received - ...
Income Tax
May 24, 2016
Accrual of Income - Addition towards service fees received - Income can be recognized only when it is earned or accrued i.e. there is a right to receive. In the present case, neither the assessee had achieved the level of service i.e. to supply 300 manpower nor the terms of contract commenced, resulting in no right to receive. - not taxable since not accrued - AT
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