https://www.taxtmi.com/caselaws?id=70216 The Appellate Tribunal ITAT MADRAS-C upheld the CIT's decision under section 263 of the IT Act, 1961, directing the inclusion of income from dubbing rights agreements in the assessment for the relevant year. The Tribunal ruled that income accrued when mutual promises were exchanged, regardless of actual delivery of prints, rejecting the assessee's argument for no change in accounting method. The appeal was dismissed, and subsequent assessment years were to be revised to exclude the income previously assessed but now directed to be included in the initial assessment year. en-us Fri, 14 May 1982 00:00:00 +0530 Thu, 14 Apr 2011 18:45:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70216 The Appellate Tribunal ITAT MADRAS-C upheld the CIT's decision under section 263 of the IT Act, 1961, directing the inclusion of income from dubbing rights agreements in the assessment for the relevant year. The Tribunal ruled that income accrued when mutual promises were exchanged, regardless of actual delivery of prints, rejecting the assessee's argument for no change in accounting method. The appeal was dismissed, and subsequent assessment years were to be revised to exclude the income previously assessed but now directed to be included in the initial assessment year. Case-Laws Income Tax Fri, 14 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70216