https://www.taxtmi.com/caselaws?id=256911 The High Court dismissed the Appeal challenging the Income Tax Appellate Tribunal's decision on the disallowance of project management fees accrued in the previous assessment year. The Court upheld the Tribunal's ruling that the fees claimed were solely for sales made in the current assessment year, eliminating the need for any disallowance based on an earlier period. Both the CIT(A) and the Tribunal concurred that the fees pertained only to current year sales proceeds, leading to the dismissal of the Appeal without costs. en-us Mon, 16 Feb 2015 00:00:00 +0530 Wed, 25 Feb 2015 08:00:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256911 The High Court dismissed the Appeal challenging the Income Tax Appellate Tribunal's decision on the disallowance of project management fees accrued in the previous assessment year. The Court upheld the Tribunal's ruling that the fees claimed were solely for sales made in the current assessment year, eliminating the need for any disallowance based on an earlier period. Both the CIT(A) and the Tribunal concurred that the fees pertained only to current year sales proceeds, leading to the dismissal of the Appeal without costs. Case-Laws Income Tax Mon, 16 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256911