How to deal with a case where contract revenue is not recorded in the books of account, but offered to tax as per ICDS, and turns bad.

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..... osure standards
Income Tax
Manuals
Dated:- 22-8-2017
Manual - ICDS III : Construction Contracts An assessee cannot write-off a debt which was not recorded in the books of account but offe .....

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..... r part thereof has been taken into account in computing the income of the assessee of the previous year in which the amount of such debt or part thereof becomes irrecoverable or of an earlier previous .....

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