https://www.taxtmi.com/highlights?id=53561 Right to receive the retention money is accrued only after the obligations under the contract are fulfilled and the assessee had no vested right to receive the same in this assessment year, therefore, it would not amount to an income of the assessee in the year in which it is retained. en-us Mon, 01 Jun 2020 09:38:26 +0530 Mon, 01 Jun 2020 09:38:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53561 Right to receive the retention money is accrued only after the obligations under the contract are fulfilled and the assessee had no vested right to receive the same in this assessment year, therefore, it would not amount to an income of the assessee in the year in which it is retained. Highlights Income Tax Mon, 01 Jun 2020 09:38:26 +0530 https://www.taxtmi.com/highlights?id=53561