Accrual of Royalty Income from TV Serial Rights Permitted Over Six Years Under AS-9 Accounting Standard.

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....Addition on accrual of income - deferred revenue - royalty - The rights of the TV Serial were to come back to the assessee after a period of 6 years - AS-9 allows deferment of royalty income - assessee had rightly offered the incomes in six AY.s - AT....