https://www.taxtmi.com/highlights?id=30645 Accrual of income - Only when a corresponding liability arises on the ONGC to pay up the accrued amount, the income will become taxable. Thus, the authorities below as also the Tribunal seriously erred in holding that the disputed income is exigible to tax - HC en-us Sat, 06 Aug 2016 13:51:14 +0530 Sat, 06 Aug 2016 13:51:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30645 Accrual of income - Only when a corresponding liability arises on the ONGC to pay up the accrued amount, the income will become taxable. Thus, the authorities below as also the Tribunal seriously erred in holding that the disputed income is exigible to tax - HC Highlights Income Tax Sat, 06 Aug 2016 13:51:14 +0530 https://www.taxtmi.com/highlights?id=30645