https://www.taxtmi.com/caselaws?id=218890 The Tribunal upheld the ld. CIT(A)'s decision to exclude retention money from the assessee's total income for the assessment year 2002-03. It was determined that the retention money did not accrue until the contract was satisfactorily completed, aligning with legal precedents and distinguishing the case from a previous ITAT decision. The Tribunal emphasized the conditional nature of the retention money and dismissed the Revenue's appeals, concluding that the A.O.'s reliance on a different case was misplaced. en-us Fri, 20 Jul 2012 00:00:00 +0530 Sat, 22 Sep 2012 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218890 The Tribunal upheld the ld. CIT(A)'s decision to exclude retention money from the assessee's total income for the assessment year 2002-03. It was determined that the retention money did not accrue until the contract was satisfactorily completed, aligning with legal precedents and distinguishing the case from a previous ITAT decision. The Tribunal emphasized the conditional nature of the retention money and dismissed the Revenue's appeals, concluding that the A.O.'s reliance on a different case was misplaced. Case-Laws Income Tax Fri, 20 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218890