https://www.taxtmi.com/highlights?id=64951 Deemed Income / accrual of income - income on account of retention money - the right to receive the retention money is accrued only after the obligations under the contract are fulfilled and the assessee had no vested right to receive the same in this assessment year, therefore, it would not amount to an income of the assessee in the year in which it is retained - HC en-us Wed, 03 Aug 2022 17:19:25 +0530 Wed, 03 Aug 2022 17:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64951 Deemed Income / accrual of income - income on account of retention money - the right to receive the retention money is accrued only after the obligations under the contract are fulfilled and the assessee had no vested right to receive the same in this assessment year, therefore, it would not amount to an income of the assessee in the year in which it is retained - HC Highlights Income Tax Wed, 03 Aug 2022 17:19:25 +0530 https://www.taxtmi.com/highlights?id=64951