https://www.taxtmi.com/caselaws?id=203042 The Revenue's appeal challenging the addition of Rs. 7,74,14,352 based on TDS certificates was dismissed by the Tribunal. The CIT(A) deleted the addition after considering submissions and applying AS-7 for revenue recognition, emphasizing that income accrual is not solely based on receipt but on the legal right to receive income. The Tribunal upheld the CIT(A)'s decision, stating that the mobilization advance should not be treated as income until services are rendered, aligning with accounting standards and legal provisions. en-us Fri, 18 Sep 2009 00:00:00 +0530 Mon, 02 May 2011 19:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203042 The Revenue's appeal challenging the addition of Rs. 7,74,14,352 based on TDS certificates was dismissed by the Tribunal. The CIT(A) deleted the addition after considering submissions and applying AS-7 for revenue recognition, emphasizing that income accrual is not solely based on receipt but on the legal right to receive income. The Tribunal upheld the CIT(A)'s decision, stating that the mobilization advance should not be treated as income until services are rendered, aligning with accounting standards and legal provisions. Case-Laws Income Tax Fri, 18 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203042