Low declaration of contract amount - AS-9 - revenue recognition ...
Revenue Recognition Under AS-9: Income Accrual Requires Counterparty Liability Acknowledgment, Not Just a Recovery Claim.
April 18, 2019
Case Laws Income Tax AT
Low declaration of contract amount - AS-9 - revenue recognition - disputed contractual receipt - Mere filing of the suit for recovery will not in law make it an income which has accrued unless corresponding liability recognized by the other party
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