Retention Money to be offered to Tax in the Year of Receipt: ITAT [Read Order]

Retention Money - Tax - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently in an appeal filed before it, held that retention money is to be offered to tax in the year of receipt. The aforesaid observation was made by the Tribunal when an appeal was preferred before it by the Revenue, for Assessment Year (AY) 2017-18, as…

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