https://www.taxtmi.com/caselaws?id=220883 The Appellate Tribunal allowed the appeal of the revenue for statistical purposes, emphasizing the need for the assessee to clarify and substantiate the quantification of site development expenses in line with legal requirements and judgments of the Hon'ble Supreme Court. The Tribunal upheld the validity of the revised return filed by the assessee, determining the income for the relevant year accordingly. The recognition of liability on an accrual basis was established, and the quantification of site development expenses was instructed to be further examined by the Assessing Officer. en-us Fri, 07 Sep 2012 00:00:00 +0530 Wed, 13 Feb 2013 06:33:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220883 The Appellate Tribunal allowed the appeal of the revenue for statistical purposes, emphasizing the need for the assessee to clarify and substantiate the quantification of site development expenses in line with legal requirements and judgments of the Hon'ble Supreme Court. The Tribunal upheld the validity of the revised return filed by the assessee, determining the income for the relevant year accordingly. The recognition of liability on an accrual basis was established, and the quantification of site development expenses was instructed to be further examined by the Assessing Officer. Case-Laws Income Tax Fri, 07 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220883