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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

TDS Credit - assessee during the year was an advance and the ...


Advance Payment Not Income: Assessee Justified in Not Declaring Advance as Income Before Project Completion. Credit Upheld.

January 20, 2016

Case Laws     Income Tax     AT

TDS Credit - assessee during the year was an advance and the actual remuneration was to be quantified at the completion of the project. The assessee therefore was justified in not offering the said amount as income for the year - credit not denied - AT

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