https://www.taxtmi.com/highlights?id=4379 Accrual of income - Taxability of advance license benefit receivable - assessee could not contend while filing the return of income that such income should not be treated as having accrued in the year under consideration, as duty-free raw material had not actually been imported till the end of the relevant year but it should be treated as income accrued in the year, when raw material had actually been imported - AT en-us Thu, 12 Jul 2012 09:33:06 +0530 Thu, 12 Jul 2012 09:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=4379 Accrual of income - Taxability of advance license benefit receivable - assessee could not contend while filing the return of income that such income should not be treated as having accrued in the year under consideration, as duty-free raw material had not actually been imported till the end of the relevant year but it should be treated as income accrued in the year, when raw material had actually been imported - AT Highlights Income Tax Thu, 12 Jul 2012 09:33:06 +0530 https://www.taxtmi.com/highlights?id=4379