https://www.taxtmi.com/caselaws?id=119964 The Tribunal allowed both appeals of the assessee, directing the Assessing Officer to reconsider the computation of income in light of the accrued salary and the lack of proper basis for estimating consultancy income. The Tribunal found that the salary accrued to the assessee on a monthly basis as per the Board of Directors' resolution, applying Section 15 of the Income-tax Act, and directed the Assessing Officer to recomputed the income considering the accrued salary for both the assessment years in question. en-us Fri, 08 Sep 2006 00:00:00 +0530 Sat, 14 Jul 2012 13:19:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119964 The Tribunal allowed both appeals of the assessee, directing the Assessing Officer to reconsider the computation of income in light of the accrued salary and the lack of proper basis for estimating consultancy income. The Tribunal found that the salary accrued to the assessee on a monthly basis as per the Board of Directors' resolution, applying Section 15 of the Income-tax Act, and directed the Assessing Officer to recomputed the income considering the accrued salary for both the assessment years in question. Case-Laws Income Tax Fri, 08 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119964