Right to receive retention money accrues only after the obligations under the contract are fulfilled

 HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Date of decision: 06.05.2013 ITA No. 720 of 2008 Commissioner of Income Tax Chandigarh-II vs. M/s SAB Industries Limited CORAM: – HONORABLE MR. JUSTICE HEMANT GUPTA                      HONORABLE MS. JUSTICE RITU BAHRI Present: – Ms. Urvashi Dhugga, Advocate for the appellant. M/s Akshay Bhan and Alok Mittal, Advocates for respondent. Hemant Gupta, J Present appeal under Section 260-A of the Income Tax Act, 1961 (for short the ‘Act’) arises out of an order passed by Income Tax Appella...