Income accrues only when due and on corresponding liability of other party to pay
Last updated: 23 March 2020
Court :
High Court of Judicature at Bombay)
Brief :
This order of ITAT Mumbai, upheld by the Bombay High Court further establishes the principle that for an income to accrue to a person, corresponding liability to pay should also arise to the other party.
Citation :
Principal Commissioner of Income Tax, Pune v. M/s. Rohan Projects
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Rahul Gogate
Published in Income Tax
Views : 639
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