https://www.taxtmi.com/caselaws?id=236188 The Tribunal allowed the assessee's appeals partly, overturning additions to income based on contract receipts and disallowance of professional fees provisions. The Tribunal upheld income recognition using the percentage completion method and clarified that section 40(a)(ia) applies to cases of no tax deduction, not short deduction. The Revenue's appeal was allowed concerning income offered in subsequent years. The Tribunal restored the Assessing Officer's order for the Revenue's appeal. en-us Fri, 14 Jun 2013 00:00:00 +0530 Sat, 17 Aug 2013 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236188 The Tribunal allowed the assessee's appeals partly, overturning additions to income based on contract receipts and disallowance of professional fees provisions. The Tribunal upheld income recognition using the percentage completion method and clarified that section 40(a)(ia) applies to cases of no tax deduction, not short deduction. The Revenue's appeal was allowed concerning income offered in subsequent years. The Tribunal restored the Assessing Officer's order for the Revenue's appeal. Case-Laws Income Tax Fri, 14 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236188