https://www.taxtmi.com/caselaws?id=219050 The Tribunal dismissed all three appeals of the Department and the cross objections of the assessee for A.Y. 2006-07, upholding the CIT(A)'s orders. The consistent accounting method followed by the assessee was recognized and accepted, ensuring revenue recognition aligned with the transfer of significant risks and rewards of ownership, not merely the receipt of advances. The Tribunal also upheld the CIT(A)'s orders for A.Y. 2008-09 and A.Y. 2009-10, rejecting the department's grounds based on similar issues regarding the deletion of additions on account of advances from customers. en-us Fri, 02 Nov 2012 00:00:00 +0530 Tue, 04 Dec 2012 00:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219050 The Tribunal dismissed all three appeals of the Department and the cross objections of the assessee for A.Y. 2006-07, upholding the CIT(A)'s orders. The consistent accounting method followed by the assessee was recognized and accepted, ensuring revenue recognition aligned with the transfer of significant risks and rewards of ownership, not merely the receipt of advances. The Tribunal also upheld the CIT(A)'s orders for A.Y. 2008-09 and A.Y. 2009-10, rejecting the department's grounds based on similar issues regarding the deletion of additions on account of advances from customers. Case-Laws Income Tax Fri, 02 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219050