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Income tax Liable on Disputed Income ?

This query is : Resolved 

15 September 2021 Dear Sir ,

we have booked sale of x amount in a year and also received pymts for the same . But the same is now in court as some dispute has arrived on the sale transaction . in a scenario we may have to return the sale proceeds also , if we loose the case . But the case proceedings may take years .

hence want to know , if we are liable for paying income tax on the Sale income or can we make provisioning of the same , citing case reference .

can we make some percentage provisioning ?

pl call back asap... advise .


15 September 2021 Sales made and amount received. Provisioning not allowed.
In case of return of sale proceeds, reduce the sale in the year of return based on court decision.

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