https://www.taxtmi.com/caselaws?id=68333 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal. The Tribunal directed the AO to accept the declared income from the contract business, considering the unpaid claim for extra work and the hybrid accounting system followed by the assessee. The Tribunal also upheld the CIT(A)'s decision to allow depreciation, in line with the Rajasthan High Court's judgment and the relevant circular. en-us Mon, 28 Feb 2000 00:00:00 +0530 Tue, 29 Mar 2011 13:10:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68333 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal. The Tribunal directed the AO to accept the declared income from the contract business, considering the unpaid claim for extra work and the hybrid accounting system followed by the assessee. The Tribunal also upheld the CIT(A)'s decision to allow depreciation, in line with the Rajasthan High Court's judgment and the relevant circular. Case-Laws Income Tax Mon, 28 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68333