Advance money in books of accounts - accrual of income – the ...
Court Rules Advance Money as Taxable Income if Repayment Liability Ceases in Books of Accounts.
July 2, 2014
Case Laws Income Tax HC
Advance money in books of accounts - accrual of income – the amount found credited in the books of account of the assessee, the liability to pay back the same had ceased to exist - taxable - HC
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