https://www.taxtmi.com/caselaws?id=242178 The Tribunal reversed the CIT(A)'s order, holding that the entire sale amount should be considered accrued income under the mercantile system of accounting. The Tribunal directed the Assessing Officer to re-examine the transactions and ensure assessability of the sale consideration as the sale agreement was still valid. The appeal of the Revenue was allowed, and the order was pronounced on 12th December, 2013. en-us Thu, 12 Dec 2013 00:00:00 +0530 Thu, 09 Jan 2014 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242178 The Tribunal reversed the CIT(A)'s order, holding that the entire sale amount should be considered accrued income under the mercantile system of accounting. The Tribunal directed the Assessing Officer to re-examine the transactions and ensure assessability of the sale consideration as the sale agreement was still valid. The appeal of the Revenue was allowed, and the order was pronounced on 12th December, 2013. Case-Laws Income Tax Thu, 12 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242178