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Income Tax - Highlights / Catch Notes

Home Highlights November 2022 Year 2022 This

Understatement of income on account of sale of energy - change ...

Case Laws     Income Tax

November 22, 2022

Understatement of income on account of sale of energy - change in method of accounting of sales realization - if action of Ld. A.O and the Ld. CIT(A) in adding on alleged account of booking sale on accrual basis is accepted, it would amount to double taxation as the appellant company has changed the method from cash to accrual in following year and has offered to tax additional revenue - AT

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