Section 5 & 115JB of the Income-tax Act, 1961—Income—As per the terms of contract between the assessee and the contractee, the retention money retained by the contractee is deferred payment and is contingent upon satisfactory completion of contract work, therefore, it was held that the right to receive the retention money is accrued only after the obligations under the contract are fulfilled and the assessee had no vested right to receive the same in this assessment year, therefore, it would not amount to an income of the assessee in the year in which it is retained - DY. CIT V/s EMC LTD. - [2020] 183 ITD 380 (ITAT-KOLKATA)