Accrual of income - non realization of ‘Provision for surcharge’ ...

Taxpayer Challenges Accrual of Income Under 'Provision for Surcharge' Using Mercantile Accounting; Claims Income Not Realized.

October 26, 2018

Case Laws Income Tax HC

Accrual of income - non realization of ‘Provision for surcharge’ - even though the assessee has been following mercantile system of accounting, since it is not real income, not chargeable to tax.

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Accrual of income - non realization of ‘Provision for surcharge’ ...

Taxpayer Challenges Accrual of Income Under 'Provision for Surcharge' Using Mercantile Accounting; Claims Income Not Realized.

October 26, 2018

Case Laws Income Tax HC

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