Accrual of income - the right to receive that amount was ...

Case Laws Income Tax

January 19, 2015

Accrual of income - the right to receive that amount was contingent upon there not being any defects in the work, during the stipulated period. It is then, and only then, that the amount can be said to have accrued - HC

View Source

← Previous Next →

Accrual of income - the right to receive that amount was ...

Case Laws Income Tax

January 19, 2015

You may also like:

Deferred (contingent) consideration not accrued during relevant previous year as right to receive it was contingent upon achievement of revenue targets. Charging and...

Accrual of income - after defect liability period or contract completion date - if assessee's right to such amount would depend on there being no defects arising in the...

Deemed Income / accrual of income - income on account of retention money - the right to receive the retention money is accrued only after the obligations under the...

Accrual of income - Money received under Marketing Assistance Programme [“MAP”] - It is also surprising that the AO chose to treat only the difference between the...

Accrual of income - Addition on account of amount kept in Escrow Account - slump sale - The word “accruing” and arising are used to contradistinguish the word “receive”....

Accrual of income in current AY - duty drawback and service tax refund - the income would be receivable only when the income accrues to the assessee and income would...

Applicability of Article 7 of the Double Taxation Avoidance Agreement (DTAA) between India and the United Arab Emirates regarding the taxation of profits attributed to a...

House property income - accrual of income - compensation amount or lease amount has not accrued to the assessee during the year under consideration, since the accrual of...

Accrual of income - accounting treatment in respect of prepaid cards - there must be the “right to receive the income on a particular date, so as to bring about a...

Taxability of an amount received from supply of drawings and designs - Accrual of income in India - Once the income from supply of plant and equipment is held to be not...

Accrual of Income - Addition towards service fees received - Income can be recognized only when it is earned or accrued i.e. there is a right to receive. In the present...

Income accrued in India - royalty and Fees for Technical Services - literary work - The grant of license to use the software cannot be construed as granting a right to...

Accrual of income - retention money - When the assessee had no right to receive the money by virtue of the contract between the parties and the assessee also had no...

Accrual of income / Undisclosed income - Nature of advance money received - The amount so received is only for carrying out the development work in terms of the...

Accrual of income - Year in which income is taxable - Receipt of Security Deposit - Addition on account of sale of development rights by the assessee - the fulfillment...

Quick Updates: