https://www.taxtmi.com/caselaws?id=242315 The Tribunal partially allows the Revenue's appeal regarding the dispute over the deletion of Rs.30 lakhs addition by the Assessing Officer, emphasizing the company's obligation to follow the accrual method but acknowledging deferral of revenue recognition for uncertain collections. The Tribunal directs reevaluation based on provided details to differentiate income recognition methods. Additionally, it upholds the disallowance of prior period expenses amounting to Rs.1,83,433, emphasizing recognition only upon clear liability determination. en-us Wed, 27 Feb 2013 00:00:00 +0530 Mon, 13 Jan 2014 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242315 The Tribunal partially allows the Revenue's appeal regarding the dispute over the deletion of Rs.30 lakhs addition by the Assessing Officer, emphasizing the company's obligation to follow the accrual method but acknowledging deferral of revenue recognition for uncertain collections. The Tribunal directs reevaluation based on provided details to differentiate income recognition methods. Additionally, it upholds the disallowance of prior period expenses amounting to Rs.1,83,433, emphasizing recognition only upon clear liability determination. Case-Laws Income Tax Wed, 27 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242315