https://www.taxtmi.com/caselaws?id=185981 The Tribunal dismissed the revenue's appeals regarding the interpretation of retention money under the mercantile system of accounting. It held that retention money does not accrue to the contractor until the guarantee period is over, affirming previous decisions and the assessee's consistent approach to taxation. en-us Wed, 08 Feb 2012 00:00:00 +0530 Mon, 05 Sep 2016 11:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185981 The Tribunal dismissed the revenue's appeals regarding the interpretation of retention money under the mercantile system of accounting. It held that retention money does not accrue to the contractor until the guarantee period is over, affirming previous decisions and the assessee's consistent approach to taxation. Case-Laws Income Tax Wed, 08 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185981