2019 (9) TMI 925 - SCH - Income Tax

Accrual of income - accounting treatment in respect of prepaid cards - Rendering of Services - Income recognition - Accounting standards - amount received on sale of prepaid cards to the extent of unutilized talk time - assessee was engaged in the business of providing basic telecom services in the State of Rajasthan and had both prepaid and postpaid subscribers - HELD THAT - SLP dismissed.

Summary

The Supreme Court of India dismissed the special leave petition after condoning the delay. Pending applications were also disposed of. (2019 (9) TMI 925 - SC Order)