https://www.taxtmi.com/caselaws?id=212548 The Court upheld the decision of the Income Tax Appellate Tribunal, Bangalore Bench 'A', which annulled the order passed under Sec. 158BD of the Income Tax Act. The Tribunal found no undisclosed income as payments were subject to tax deduction at source and known to the Department. The completed contract method of accounting was accepted, leading to the dismissal of the Revenue's appeal. The Court emphasized the absence of incriminating material and upheld the Tribunal's decision, ruling in favor of the assessee. en-us Thu, 24 Nov 2011 00:00:00 +0530 Tue, 20 Nov 2012 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212548 The Court upheld the decision of the Income Tax Appellate Tribunal, Bangalore Bench 'A', which annulled the order passed under Sec. 158BD of the Income Tax Act. The Tribunal found no undisclosed income as payments were subject to tax deduction at source and known to the Department. The completed contract method of accounting was accepted, leading to the dismissal of the Revenue's appeal. The Court emphasized the absence of incriminating material and upheld the Tribunal's decision, ruling in favor of the assessee. Case-Laws Income Tax Thu, 24 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212548