https://www.taxtmi.com/caselaws?id=251168 The Tribunal dismissed the Revenue's appeal on the method of accounting for real estate projects, upholding the CIT(A)'s decision. Regarding the disallowance under section 40(a)(ia) of the Income-tax Act, the Tribunal remitted the issue to the AO for verification, applying the second proviso retrospectively from 01.04.2005. The Tribunal emphasized tax compliance over penalizing the assessee and allowed the assessee's appeals for statistical purposes, while dismissing the Revenue's appeal. en-us Tue, 22 Jul 2014 00:00:00 +0530 Sat, 06 Sep 2014 08:45:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251168 The Tribunal dismissed the Revenue's appeal on the method of accounting for real estate projects, upholding the CIT(A)'s decision. Regarding the disallowance under section 40(a)(ia) of the Income-tax Act, the Tribunal remitted the issue to the AO for verification, applying the second proviso retrospectively from 01.04.2005. The Tribunal emphasized tax compliance over penalizing the assessee and allowed the assessee's appeals for statistical purposes, while dismissing the Revenue's appeal. Case-Laws Income Tax Tue, 22 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251168