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.
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Meetu Kumari
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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.
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