https://www.taxtmi.com/caselaws?id=238835 The Tribunal upheld the CIT(A)'s decision that an amount of Rs.1.50 crores received by the assessee should not be treated as income but as an advance payment, as no services were rendered related to that payment. The Tribunal emphasized that TDS compliance does not automatically classify an advance as income and that revenue is recognized only when services are actually provided. The Tribunal dismissed the Revenue's appeal, highlighting the importance of a clear connection between income recognition and service provision. en-us Fri, 04 Oct 2013 00:00:00 +0530 Fri, 01 Nov 2013 06:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238835 The Tribunal upheld the CIT(A)'s decision that an amount of Rs.1.50 crores received by the assessee should not be treated as income but as an advance payment, as no services were rendered related to that payment. The Tribunal emphasized that TDS compliance does not automatically classify an advance as income and that revenue is recognized only when services are actually provided. The Tribunal dismissed the Revenue's appeal, highlighting the importance of a clear connection between income recognition and service provision. Case-Laws Income Tax Fri, 04 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238835