2019 (8) TMI 193 - SCH - Income Tax

Accrual of income - Surcharge levied but not realized - Surcharge for delayed payment contemplated in the bills raised by the assessee and its accounts - whether it would invite payment of tax dehors recovery/payment/receipt of surcharge? - assessee following the mercantile system of accounting - HELD THAT - No reason to interfere with the order of the High Court. The Special Leave Petition is, accordingly, dismissed. Pending application(s), if any, stand disposed of.