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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Accrual of income - it cannot be said that income has actually ...

Case Laws     Income Tax

July 29, 2015

Accrual of income - it cannot be said that income has actually accrued to the assessee in one year even though it might have received it in one year. Mere receipt does not ensure accrual unless an equivalent part of the agreed services by the receiver is rendered. - AT

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