Change in method of revenue recognition - Non recognizing income ...

Case Laws Income Tax

March 18, 2021

Change in method of revenue recognition - Non recognizing income by changing the method - There is no valid explanation for claiming expenses related to the CAS services rendered by the Assessee when recognition of income therefrom is postponed. The change in the method of accounting was therefore not bonafide and was rightly rejected by the revenue authorities.We find no merit in the claim of the Assessee in this regard - AT

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Change in method of revenue recognition - Non recognizing income ...

Case Laws Income Tax

March 18, 2021

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