The Gujarat high court held that the probability or improbability of realization has to be considered in a realistic manner and there was no real accrual of income to the assessee in respect of the disputed enhanced charges for supply of electricity. The petitioner was neither sold/transferred carbon receipts during the year under consideration and […]
The post Probability or Improbability of Realisation to be considered in Realistic Manner: Gujarat HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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