Accrual of income - Selection of year of assessment - the entire ...

High Court Rules Income Assessed in Year Received, Not Over Five Years; ITAT Decision Overturned.

August 9, 2016

Case Laws Income Tax HC

Accrual of income - Selection of year of assessment - the entire sum was received upfront in the year in question and TDS was also deducted on that basis - ITAT erred in concluding that the sum received in each of the AYs in question could be spread over five years on the basis of the subsequent agreements - HC

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Accrual of income - Selection of year of assessment - the entire ...

High Court Rules Income Assessed in Year Received, Not Over Five Years; ITAT Decision Overturned.

August 9, 2016

Case Laws Income Tax HC

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