https://www.taxtmi.com/caselaws?id=253948 The Tribunal upheld the CIT(A)'s decision to delete additions of Rs. 3,87,27,750 and Rs. 35,76,010, dismissing the Revenue's appeal. The amounts were recognized as advances for future services, either accounted for as income in subsequent years or refunded, following the completed service contract method. The Tribunal found the transactions substantiated through proper documentation and creditor confirmations, affirming the CIT(A)'s order based on these grounds. The decision was rendered on 31st October, 2014. en-us Fri, 31 Oct 2014 00:00:00 +0530 Tue, 09 Dec 2014 06:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253948 The Tribunal upheld the CIT(A)'s decision to delete additions of Rs. 3,87,27,750 and Rs. 35,76,010, dismissing the Revenue's appeal. The amounts were recognized as advances for future services, either accounted for as income in subsequent years or refunded, following the completed service contract method. The Tribunal found the transactions substantiated through proper documentation and creditor confirmations, affirming the CIT(A)'s order based on these grounds. The decision was rendered on 31st October, 2014. Case-Laws Income Tax Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253948