ITAT: Contingent Income Cannot Be Taxed Until Enforceable Right To Receive Crystallises:
ITAT holds contingent income is not taxable before accrual; allows genuine project-related business expenditure.
Tribunal rules contingent receipts taxable only upon crystallisation of enforceable right
Meetu Kumari
Jul 12, 2026Premium
ITAT: Contingent Income Cannot Be Taxed Until Enforceable Right To Receive Crystallises
ITAT holds contingent income is not taxable before accrual; allows genuine project-related business expenditure.
Also Read
Bona Fide Mistake in ITR Cannot Deny Section 10(10B) Exemption on BSNL VRS Compensation, Holds ITATITAT Restores Appeal After Condoning Delay Caused by Senior Citizen’s AccountantITAT Denies Section 54 Exemption Claim Made During Reassessment, Upholds LTCG AdditionITAT Sets Aside Order for Denying Assessee Copy of Remand Report
About Author
Meetu Kumari
Content Manager
Meetu Kumari is an Experienced Advocate and Content Writer with 4+ years of demonstrated history of working in the law practice industry. Skilled in Developing Content, Researching, and Drafting. Strong professional with a Bachelor of Science (B.Sc.) focused on Law from Gujarat National Law University.
Meetu Kumari is an Experienced Advocate and Content Writer with 4+ years of demonstrated history of working in the law practice industry. Skilled in Developing Content, Researching, and Drafting. Strong professional with a Bachelor of Science (B.Sc.) focused on Law from Gujarat National Law University.
Studycafe
Jodhpur, Rajasthan, India
2200My Recent Articles
- ITAT Restores Appeal After Condoning Delay Caused by Senior Citizen’s AccountantPremium
- ITAT Sets Aside Order for Denying Assessee Copy of Remand ReportPremium
- High Court Sets Aside Retrospective GST Registration Cancellation for Fresh DecisionPremium
- ITAT Grants BSNL VRS Exemptions Despite Delay, Rejects Technical ObjectionsPremium
- ITAT Deletes Section 271E Penalty on Genuine Cash Repayment Between SpousesPremium
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts