https://www.taxtmi.com/caselaws?id=795138 Conditional contractual consideration does not accrue under mercantile accounting unless the right to receive is vested, unconditional, enforceable and reasonably certain. A third payment tranche subject to unfulfilled obligations, contractual cost adjustments and collection disputes therefore remains outside taxable income until those conditions are resolved. Tax treatment adopted by a related entity does not determine accrual for another taxpayer. Property-tax and advertising costs connected with a real-estate project may be claimed when corresponding revenue is recognised under the percentage completion method, where the expenditure was carried in work-in-progress and its business nexus and genuineness are established without double deduction. en-us Wed, 08 Jul 2026 00:00:00 +0530 Fri, 17 Jul 2026 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795138 Conditional contractual consideration does not accrue under mercantile accounting unless the right to receive is vested, unconditional, enforceable and reasonably certain. A third payment tranche subject to unfulfilled obligations, contractual cost adjustments and collection disputes therefore remains outside taxable income until those conditions are resolved. Tax treatment adopted by a related entity does not determine accrual for another taxpayer. Property-tax and advertising costs connected with a real-estate project may be claimed when corresponding revenue is recognised under the percentage completion method, where the expenditure was carried in work-in-progress and its business nexus and genuineness are established without double deduction. Case-Laws Income Tax Wed, 08 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795138