Bombay High Court dissects taxability on 'accrual' concept, when a dispute is under judicial purview

Vivek Jalanpro badge , Last updated: 20 January 2024  
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Mesne profits, which are yet to be determined, do not come within the purview of an accrued income for the purposes of Section 4 and 5 of the Income Tax Act till the judgment regarding civil dispute was rendered in this regard. Consider that rent of a property is Rs 20,000 per month but the l

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Vivek Jalan
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Category Income Tax   Report

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