https://www.taxtmi.com/caselaws?id=26527 The Tribunal ruled that only a portion, not the entirety, of outstanding bills constituted income due for the previous year. It upheld the allowance of expenditure for extra work by the assessee, emphasizing that income accrues only upon acceptance by the Government. The Tribunal justified the relief granted by the Appellate Assistant Commissioner, stating that income accrual depends on bill acceptance. Ultimately, all issues favored the assessee over the Revenue, affirming the Tribunal's decisions. en-us Wed, 26 Feb 1986 00:00:00 +0530 Fri, 05 Feb 2010 15:59:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26527 The Tribunal ruled that only a portion, not the entirety, of outstanding bills constituted income due for the previous year. It upheld the allowance of expenditure for extra work by the assessee, emphasizing that income accrues only upon acceptance by the Government. The Tribunal justified the relief granted by the Appellate Assistant Commissioner, stating that income accrual depends on bill acceptance. Ultimately, all issues favored the assessee over the Revenue, affirming the Tribunal's decisions. Case-Laws Income Tax Wed, 26 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26527