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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Accrual of income - the income was not booked as per Accounting ...


Department's Adjustment Revenue Neutral Due to Consistent Tax Rates, No Income Addition per Accounting Standard-9.

June 22, 2016

Case Laws     Income Tax     AT

Accrual of income - the income was not booked as per Accounting Standard-9(AS-9) issued by the ICAI - since the tax rates applicable to the company both in assessment year were the same, the adjustment made by the Department was revenue neutral - No addition - AT

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