https://www.taxtmi.com/highlights?id=31098 Accrual of income - advances received by the assessee from M/s DLF Ltd. and CBDL were for sale of development rights. Since the assessee failed to sell any such rights in the two years in question, the advances received cannot be classified as income. - HC en-us Wed, 07 Sep 2016 11:42:32 +0530 Wed, 07 Sep 2016 11:42:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=31098 Accrual of income - advances received by the assessee from M/s DLF Ltd. and CBDL were for sale of development rights. Since the assessee failed to sell any such rights in the two years in question, the advances received cannot be classified as income. - HC Highlights Income Tax Wed, 07 Sep 2016 11:42:32 +0530 https://www.taxtmi.com/highlights?id=31098