Income recognition - Accrual of income - the addition made by ...

Taxpayer's Gross Sales Adjustment Violates Accounting Standard I u/s 145(2) of Income Tax Act.

October 29, 2020

Case Laws Income Tax AT

Income recognition - Accrual of income - the addition made by shifting back the gross sale receipts recognized by the assessee in FYs 2011- 12 & 2012-13 to FY 2010-11, without shifting the expenditure incurred in connection with the completion of the said project violates the Accounting Standard I notified u/s 145(2) - AT

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Income recognition - Accrual of income - the addition made by ...

Taxpayer's Gross Sales Adjustment Violates Accounting Standard I u/s 145(2) of Income Tax Act.

October 29, 2020

Case Laws Income Tax AT

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