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
2)\nprovides that \"revenue shall be recognized when there is reasonable\ncertainty of the ultimate collection\".\nClause 9.2 of AS-9 states that where the ability to assess the ultimate\ncollection with reasonable certainty is lacking at the time of raising any\nclaim, e.g. for escalation of price, export incentives, interest etc, revenue\nrecognition is postponed to the extent
