https://www.taxtmi.com/highlights?id=25742 Accrual of income - Taxation in the light of Section 145 - the terms of the agreements, which enable the assessee to demand overdue charges (AFC) is only an enabling provision and the recovery of overdue charges is not certain and is taxable on cash receipt basis and not accrual basis - HC en-us Wed, 04 Nov 2015 15:56:42 +0530 Wed, 04 Nov 2015 15:56:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=25742 Accrual of income - Taxation in the light of Section 145 - the terms of the agreements, which enable the assessee to demand overdue charges (AFC) is only an enabling provision and the recovery of overdue charges is not certain and is taxable on cash receipt basis and not accrual basis - HC Highlights Income Tax Wed, 04 Nov 2015 15:56:42 +0530 https://www.taxtmi.com/highlights?id=25742