Taxation of retention money not accrued during the year - ...

Retention Money Not Taxable u/s 115JB Due to Uncertainty of Refund; Additions Deleted by Court.

January 8, 2020

Case Laws Income Tax AT

Taxation of retention money not accrued during the year - Accrual of income - as per AO addition has been rightly made during the course of assessment as well as in section 115JB MAT computation - The Revenue fails to rebut the clinching fact that there is no surety about the impugned retention money to be finally refunded to the taxpayer - Additions deleted.

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Taxation of retention money not accrued during the year - ...

Retention Money Not Taxable u/s 115JB Due to Uncertainty of Refund; Additions Deleted by Court.

January 8, 2020

Case Laws Income Tax AT

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