Taxpayer's Gross Sales Adjustment Violates Accounting Standard I u/s 145(2) of Income Tax Act.

Taxpayer's Gross Sales Adjustment Violates Accounting Standard I u/s 145(2) of Income Tax Act. https://www.taxtmi.com/highlights?id=55321 Income recognition - Accrual of income - the addition made by shifting back the gross sale receipts recognized by the assessee in FYs 2011- 12 & 2012-13 to FY 2010-11, without shifting the expenditure incurred in connection with the completion of the said project violates the Accounting Standard I notified u/s 145(2) - AT en-us Thu, 29 Oct 2020 09:28:14 +0530 Thu, 29 Oct 2020 09:28:14 +0530 TaxTMI RSS Generator Taxpayer's Gross Sales Adjustment Violates Accounting Standard I u/s 145(2) of Income Tax Act. https://www.taxtmi.com/highlights?id=55321 Income recognition - Accrual of income - the addition made by shifting back the gross sale receipts recognized by the assessee in FYs 2011- 12 & 2012-13 to FY 2010-11, without shifting the expenditure incurred in connection with the completion of the said project violates the Accounting Standard I notified u/s 145(2) - AT Highlights Income Tax Thu, 29 Oct 2020 09:28:14 +0530 https://www.taxtmi.com/highlights?id=55321