https://www.taxtmi.com/caselaws?id=267725 The tribunal upheld the CIT(A)'s decisions, dismissing the revenue's appeal on all grounds. It emphasized the necessity of actual income receipt or accrual, highlighting the absence of provisions in the Act to assess notional income. Judgments were pronounced on 30th September 2015. en-us Wed, 30 Sep 2015 00:00:00 +0530 Fri, 13 Nov 2015 15:53:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267725 The tribunal upheld the CIT(A)'s decisions, dismissing the revenue's appeal on all grounds. It emphasized the necessity of actual income receipt or accrual, highlighting the absence of provisions in the Act to assess notional income. Judgments were pronounced on 30th September 2015. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267725