https://www.taxtmi.com/caselaws?id=256111 The ITAT allowed the assessee's appeals in part, directing the AO to reframe the assessment for both years using the percentage completion method for revenue recognition. The ITAT instructed the AO to allow compensation expenditure as revenue expenses, emphasizing the need for consistency in accounting methods and recognizing the commercial nature of the compensation paid by the assessee. en-us Thu, 11 Dec 2014 00:00:00 +0530 Wed, 04 Feb 2015 06:19:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256111 The ITAT allowed the assessee's appeals in part, directing the AO to reframe the assessment for both years using the percentage completion method for revenue recognition. The ITAT instructed the AO to allow compensation expenditure as revenue expenses, emphasizing the need for consistency in accounting methods and recognizing the commercial nature of the compensation paid by the assessee. Case-Laws Income Tax Thu, 11 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256111