Revenue recognition as per AS-7 - guidance note was issued in ...

Revenue Recognition Guidance Note AS-7 Not Basis for Additions; Focus on Claim Reasonableness Instead.

March 13, 2015

Case Laws Income Tax HC

Revenue recognition as per AS-7 - guidance note was issued in 2012 and could not have been the basis for the additions made. Under such circumstances, in our opinion, the correct approach should be to examine the reasonableness of claim rather than strictly apply a guidance note - HC

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Revenue recognition as per AS-7 - guidance note was issued in ...

Revenue Recognition Guidance Note AS-7 Not Basis for Additions; Focus on Claim Reasonableness Instead.

March 13, 2015

Case Laws Income Tax HC

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