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Income Tax - Highlights / Catch Notes

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Addition on accrual of income - deferred revenue - royalty - The ...


Accrual of Royalty Income from TV Serial Rights Permitted Over Six Years Under AS-9 Accounting Standard.

May 27, 2017

Case Laws     Income Tax     AT

Addition on accrual of income - deferred revenue - royalty - The rights of the TV Serial were to come back to the assessee after a period of 6 years - AS-9 allows deferment of royalty income - assessee had rightly offered the incomes in six AY.s - AT

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