Live Help
Get News Alerts from on your desktop.
No Thanks Allow
You have blocked the notification on recent updates. Click below to re-subscribe.
No Thanks
You have already subscribed to Taxmann’s notification.
No Thanks UnSubscribe
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset Session Cancel Session

High Court corrects concept of system of mercantile accounting misunderstood by Tribunal

October 15, 2020[2020] 120 161 (Article)
Why should there be so much of controversy with regard to rightful claim of accrued expenditure or when the amount received as advance is rightfully shown in current liability in books of accounts? Is this because of non-understanding of basics of accounting concept by the Revenue or because of rigid attitude on the part of the Revenue in not allowing such a rightful claim of the assessee
read more 30 min read
Best view in 1140 x 768