https://www.taxtmi.com/caselaws?id=255280 The High Court allowed the appeal, ruling in favor of the appellant and against the Revenue. The Court held that the AO's adjustment of income under Section 143(1)(a) was incorrect, as the appellant had correctly shown income as work in progress and billed Ravi Organizers for Rs. 13,70,000, with T.D.S. deducted on Rs. 16,30,000. The Court found the AO's prima facie adjustment unjustified, aligning with legal principles established by the Bombay and Gauhati High Courts, and concluded that the Tribunal erred in adopting the incorrect income amount. en-us Tue, 09 Dec 2014 00:00:00 +0530 Tue, 13 Jan 2015 07:54:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255280 The High Court allowed the appeal, ruling in favor of the appellant and against the Revenue. The Court held that the AO's adjustment of income under Section 143(1)(a) was incorrect, as the appellant had correctly shown income as work in progress and billed Ravi Organizers for Rs. 13,70,000, with T.D.S. deducted on Rs. 16,30,000. The Court found the AO's prima facie adjustment unjustified, aligning with legal principles established by the Bombay and Gauhati High Courts, and concluded that the Tribunal erred in adopting the incorrect income amount. Case-Laws Income Tax Tue, 09 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255280