https://www.taxtmi.com/caselaws?id=251699 The High Court upheld the decision of the CIT(A) and the Tribunal, dismissing the appeal. It ruled that the entire amount from maintenance contracts could not be taxed in one year due to future obligations and matching principles. The addition under Section 68 was deemed unwarranted as the income source was genuine. The court affirmed the deferred income allocation over subsequent years based on proper calculations and appreciation of facts. en-us Mon, 15 Sep 2014 00:00:00 +0530 Fri, 08 May 2015 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251699 The High Court upheld the decision of the CIT(A) and the Tribunal, dismissing the appeal. It ruled that the entire amount from maintenance contracts could not be taxed in one year due to future obligations and matching principles. The addition under Section 68 was deemed unwarranted as the income source was genuine. The court affirmed the deferred income allocation over subsequent years based on proper calculations and appreciation of facts. Case-Laws Income Tax Mon, 15 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251699