Accrual of income - Cancellation of recovery of the interest - ...

No Income Accrual When Income Not Realized: Impact on Tax Recognition in Interest Recovery Cases.

June 12, 2017

Case Laws Income Tax AT

Accrual of income - Cancellation of recovery of the interest - Where the income can be said not to have resulted at all, there is obviously neither accrual nor receipt of income, even though an, entry to that effect may, in certain circumstances, have been made in the books of accounts. - AT

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Accrual of income - Cancellation of recovery of the interest - ...

No Income Accrual When Income Not Realized: Impact on Tax Recognition in Interest Recovery Cases.

June 12, 2017

Case Laws Income Tax AT

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