Accrual of income - retention money - When the assessee had no ...

Court Rules No Accrued Right for Assessee to Claim Final 10% Payment Due to Contractual Terms.

June 6, 2017

Case Laws Income Tax AT

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 right to enforce payment, it could not be said that the right to receive payment of the remaining 10 per cent of the value of job had accrued - AT

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Accrual of income - retention money - When the assessee had no ...

Court Rules No Accrued Right for Assessee to Claim Final 10% Payment Due to Contractual Terms.

June 6, 2017

Case Laws Income Tax AT

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