https://www.taxtmi.com/caselaws?id=772947 The SC upheld the Tribunal's decision regarding income accrual and taxation. The Tribunal found that income from electricity charges was correctly adjusted across multiple assessment years (2017-18, 2018-19, 2019-20) based on Supreme Court directions, avoiding double taxation. The court rejected revenue's argument for immediate taxation in 2016-17, affirming the mercantile accounting principle of income recognition. en-us Wed, 16 Apr 2025 00:00:00 +0530 Mon, 16 Jun 2025 08:38:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772947 The SC upheld the Tribunal's decision regarding income accrual and taxation. The Tribunal found that income from electricity charges was correctly adjusted across multiple assessment years (2017-18, 2018-19, 2019-20) based on Supreme Court directions, avoiding double taxation. The court rejected revenue's argument for immediate taxation in 2016-17, affirming the mercantile accounting principle of income recognition. Case-Laws Income Tax Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772947