https://www.taxtmi.com/highlights?id=58536 Accrual of income - real income - since the basis, modality and the amount on which the capacity charges, deemed generation charges and capacity Index Incentives were to be determined/ quantified, it was difficult for the assessee to ascertain the correct and actual amount of charges recoverable from UPCL. - Deemed Generation Charges and capacity index incentive charges during the FY 2015-16 relevant to AY 2016-17. Once the correct amount of income has already been offered to tax in AY 2016-17, we find no merit in the addition made by the AO in the present order of assessment. - AT en-us Sat, 26 Jun 2021 07:51:07 +0530 Sat, 26 Jun 2021 07:51:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58536 Accrual of income - real income - since the basis, modality and the amount on which the capacity charges, deemed generation charges and capacity Index Incentives were to be determined/ quantified, it was difficult for the assessee to ascertain the correct and actual amount of charges recoverable from UPCL. - Deemed Generation Charges and capacity index incentive charges during the FY 2015-16 relevant to AY 2016-17. Once the correct amount of income has already been offered to tax in AY 2016-17, we find no merit in the addition made by the AO in the present order of assessment. - AT Highlights Income Tax Sat, 26 Jun 2021 07:51:07 +0530 https://www.taxtmi.com/highlights?id=58536