High Court held that the Tribunal has rightly decided that the demurage / wharfage charges had not accrued to the assessee though the assessee is following mercantile system of accounting. Accordingly the addition cannot be made on accrual basis.
CIT v. Rajasthan Small Industries Corporation Ltd. (2019)105 tamann.com 81/ 263 Taxman 253( Raj) (HC) Editorial: SLP of revenue is dismissed ,CIT v. Rajasthan Small Industries Corporation Ltd. (2019) 263 Taxman 252 (SC)
S. 5 : Scope of total income–Accrual-Demurrage charges–Mercantile system of accounting. [S. 145]