Income from Sale of Development Rights Not Taxable Until Assessee Fulfills Joint Venture Obligations.

Income from Sale of Development Rights Not Taxable Until Assessee Fulfills Joint Venture Obligations. https://www.taxtmi.com/highlights?id=53547 Accrual of income - Addition on sale of development rights - When obligations of the assessee under the joint venture agreement are not yet performed, there cannot be any occasion to bring the consideration, for performance of such obligations, to tax. en-us Sun, 31 May 2020 04:15:32 +0530 Sun, 31 May 2020 04:15:32 +0530 TaxTMI RSS Generator Income from Sale of Development Rights Not Taxable Until Assessee Fulfills Joint Venture Obligations. https://www.taxtmi.com/highlights?id=53547 Accrual of income - Addition on sale of development rights - When obligations of the assessee under the joint venture agreement are not yet performed, there cannot be any occasion to bring the consideration, for performance of such obligations, to tax. Highlights Income Tax Sun, 31 May 2020 04:15:32 +0530 https://www.taxtmi.com/highlights?id=53547