Judgements by Rahul Gogate
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Income accrues only when due and on corresponding liability of other party to pay
Rahul Gogate 23 March 2020 at 11:44
This order of ITAT Mumbai, upheld by the Bombay High Court further establishes the principle that for an income to accrue to a person, corresponding liability to pay should also arise to the other party.
Posted in Income Tax
| 680
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Tax credit to be granted in the year in which income is assessed
Rahul Gogate 17 March 2020 at 10:28
Many a times, we come across cases where the invoice has been raised close to the cut-off date, i.e. closer to the end of a financial year and the customer has accounted for and paid the invoice amount, as well as deducted and deposited the tax at ap
Posted in Income Tax
| 697
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