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Income Tax - Highlights / Catch Notes

Home Highlights June 2012 Year 2012 This

Annual Maintenance Contracts - following Principle of matching ...


Assessee Correctly Delayed Revenue Recognition for AMC to Match Income with Expenses, Ensuring Accurate Financial Reporting.

June 22, 2012

Case Laws     Income Tax     AT

Annual Maintenance Contracts - following Principle of matching concept of income and expenses, assessee was justified in not recognizing revenue for the unexpired period of AMC - AT

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