Accrual of income - Only when a corresponding liability arises ...

Income Tax

August 6, 2016

Accrual of income - Only when a corresponding liability arises on the ONGC to pay up the accrued amount, the income will become taxable. Thus, the authorities below as also the Tribunal seriously erred in holding that the disputed income is exigible to tax - HC

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Accrual of income - Only when a corresponding liability arises ...

Income Tax

August 6, 2016

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