https://www.taxtmi.com/caselaws?id=248568 Composite service receipts for supply, installation, commissioning and extended warranty support were held taxable only in the periods to which the related services pertained, applying Accounting Standard 9 and the proportionate completion method. Because the assessee consistently followed this accounting treatment and the revenue portion attributable to future services was offered in later years, the entire receipt could not be brought to tax in the year of receipt. The addition was therefore deleted and the disallowance was not warranted. en-us Thu, 29 May 2014 00:00:00 +0530 Mon, 16 Jun 2014 22:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248568 Composite service receipts for supply, installation, commissioning and extended warranty support were held taxable only in the periods to which the related services pertained, applying Accounting Standard 9 and the proportionate completion method. Because the assessee consistently followed this accounting treatment and the revenue portion attributable to future services was offered in later years, the entire receipt could not be brought to tax in the year of receipt. The addition was therefore deleted and the disallowance was not warranted. Case-Laws Income Tax Thu, 29 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248568