Wednesday, June 10, 2020

Income dependent upon contingent event couldn't be said to have accrued to assessee for tax purposes

INCOME TAX : Where an assessee has obligation to perform something and he failed to perform these obligations, it cannot be said that a partial payment for fulfilling these obligations can be treated as income in hands of assessee.

from www.taxmann.com Latest Case Laws https://ift.tt/3hgPp0i

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