https://www.taxtmi.com/caselaws?id=256574 The tribunal allowed the appeal, ruling that the advance received against time slots should not be treated as income due to the absence of income realization and the advance being a liability repayable upon raising time slot invoices. The decision emphasized the importance of actual income realization and adherence to statutory provisions for accurate income computation, directing the Assessing Officer to evaluate the issue accordingly. en-us Thu, 14 Aug 2014 00:00:00 +0530 Mon, 02 Mar 2015 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256574 The tribunal allowed the appeal, ruling that the advance received against time slots should not be treated as income due to the absence of income realization and the advance being a liability repayable upon raising time slot invoices. The decision emphasized the importance of actual income realization and adherence to statutory provisions for accurate income computation, directing the Assessing Officer to evaluate the issue accordingly. Case-Laws Income Tax Thu, 14 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256574