Income accrues only when services are rendered

DCIT Vs Hyderabad Educational Institutions Pvt. Ltd (ITAT Hyderabad)

The tuition fee is received in the last quarter of a financial year, however, the corresponding service is rendered by the assessee in the next quarter which falls in a different financial year. Accordingly, held that income accrues only when the right accrued by rendering of services and not by promise for services.

Facts- The assessee is a company running a main school known as Indus International Schoo

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