M/S THDC INDIA LIMITED, RISHIKESH,RISHIKESH vs. PCIT, DEHRADUN, DEHRADUN
In the result, appeal of the assessee is partly allowed
ITA 69/DDN/2024[2020-21]Status: DisposedITAT Dehradun24 Dec 2025AY 2020-21
Section 142(1)Section 143(2)Section 143(3)Section 234ASection 250Section 251(1)(a)Section 270ASection 80
263\ndoes not lie.\nIn CIT v. Karnataka Power Transmission Corporation Ltd. [2020]\n122 taxmann.com 99/276 Taxman 439 (Karnataka) there was\nuncertainty with regard to recovery / collection of outstanding amount,\nhence assessee for the
assessment year in question decided not to\nrecognize revenue of Rs.52.89 Cr for wheeling charges. Hon'ble High\nCourt held that the income did not accrue
