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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Accrual of income - assessee has rightly treated difference ...


Assessee Rightly Classifies Sales Difference as Contingent, Excluded from Accrued Income for Financial Year.

May 12, 2017

Case Laws     Income Tax     AT

Accrual of income - assessee has rightly treated difference between sale price claimed and price paid by the APTRANSCO as contingent sales, which is not accrued to the assessee for the relevant financial year. - AT

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