https://www.taxtmi.com/caselaws?id=26084 The High Court held in favor of the Revenue in the case involving M/s. Bhartiya Steel Industries. The court ruled that the escalation amount accrued in the relevant accounting year under the mercantile accounting system. It emphasized the interconnected nature of the claims and relied on legal precedents supporting the accrual of income. The judgment was concurred by Judge S. Monjula Bose. en-us Mon, 02 Jun 1986 00:00:00 +0530 Tue, 02 Feb 2010 16:32:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26084 The High Court held in favor of the Revenue in the case involving M/s. Bhartiya Steel Industries. The court ruled that the escalation amount accrued in the relevant accounting year under the mercantile accounting system. It emphasized the interconnected nature of the claims and relied on legal precedents supporting the accrual of income. The judgment was concurred by Judge S. Monjula Bose. Case-Laws Income Tax Mon, 02 Jun 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26084