Income Recognition Under AS-9: Arbitration Award Confirms Addition as Income for FY 2013-14 Despite Non-Scheduling by LANCO.

Income Recognition Under AS-9: Arbitration Award Confirms Addition as Income for FY 2013-14 Despite Non-Scheduling by LANCO. https://www.taxtmi.com/highlights?id=64212 Recognition of income - scope of AS -9 - addition being the amount already realized and shown as income in the FY 2013-14 as per arbitration award - It is for example nobody”s case that there is no accrual of a right to the assessee to any sum on the non-scheduling of agreed power by LANCO, and which, to the extent it does, is only for the current year. - Addition confirmed - AT en-us Wed, 22 Jun 2022 10:58:50 +0530 Wed, 22 Jun 2022 10:58:50 +0530 TaxTMI RSS Generator Income Recognition Under AS-9: Arbitration Award Confirms Addition as Income for FY 2013-14 Despite Non-Scheduling by LANCO. https://www.taxtmi.com/highlights?id=64212 Recognition of income - scope of AS -9 - addition being the amount already realized and shown as income in the FY 2013-14 as per arbitration award - It is for example nobody”s case that there is no accrual of a right to the assessee to any sum on the non-scheduling of agreed power by LANCO, and which, to the extent it does, is only for the current year. - Addition confirmed - AT Highlights Income Tax Wed, 22 Jun 2022 10:58:50 +0530 https://www.taxtmi.com/highlights?id=64212