https://www.taxtmi.com/caselaws?id=69669 The Tribunal overturned the addition of Rs. 25 lakh as income to the assessee for the assessment year 1997-98. The dispute arose from advances received by the film director, with the Assessing Officer treating the entire advance as income. The Tribunal ruled that since the disputed amount was shown as a credit in the balance sheet and no evidence of services rendered existed, none of the advance had accrued as income. Citing legal principles, the Tribunal set aside the addition, allowing the assessee's appeal. en-us Mon, 16 Jul 2001 00:00:00 +0530 Mon, 11 Apr 2011 13:31:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69669 The Tribunal overturned the addition of Rs. 25 lakh as income to the assessee for the assessment year 1997-98. The dispute arose from advances received by the film director, with the Assessing Officer treating the entire advance as income. The Tribunal ruled that since the disputed amount was shown as a credit in the balance sheet and no evidence of services rendered existed, none of the advance had accrued as income. Citing legal principles, the Tribunal set aside the addition, allowing the assessee's appeal. Case-Laws Income Tax Mon, 16 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69669