https://www.taxtmi.com/caselaws?id=258257 The ITAT Pune upheld the CIT(A)'s decision to delete the addition of contingent income not credited to the Profit & Loss account, emphasizing recognition of income based on completion of contracts rather than TDS claimed during the year. The judgment analyzed the Mercantile System of accounting and matching principles in tax accounting, dismissing the revenue's appeal. en-us Tue, 29 Apr 2014 00:00:00 +0530 Fri, 03 Apr 2015 21:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258257 The ITAT Pune upheld the CIT(A)'s decision to delete the addition of contingent income not credited to the Profit & Loss account, emphasizing recognition of income based on completion of contracts rather than TDS claimed during the year. The judgment analyzed the Mercantile System of accounting and matching principles in tax accounting, dismissing the revenue's appeal. Case-Laws Income Tax Tue, 29 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258257