TMI BlogAccrual of income - Compensation received for the loss of income – cash basis of accounting - assessee...Accrual of income - Compensation received for the loss of income – cash basis of accounting - assessee as admitted that he was following the cash system of accounting and hence the amounts in question cannot be taxed as the same was not received - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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