https://www.taxtmi.com/caselaws?id=175788 The Tax Appeal under Section 260A of the Income Tax Act, 1961 was filed by the Revenue against the order of the Income Tax Appellate Tribunal. The main issue was the addition of Rs. 24,90,224/- for contract receipts not included in the Profit & Loss Account. The Tribunal upheld the CIT (Appeals) decision, stating that advance receipts should not be treated as income until work execution. The Tribunal found no error in the decision and dismissed the appeal, affirming the Tribunal's ruling. en-us Tue, 03 May 2011 00:00:00 +0530 Sat, 05 Dec 2015 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175788 The Tax Appeal under Section 260A of the Income Tax Act, 1961 was filed by the Revenue against the order of the Income Tax Appellate Tribunal. The main issue was the addition of Rs. 24,90,224/- for contract receipts not included in the Profit & Loss Account. The Tribunal upheld the CIT (Appeals) decision, stating that advance receipts should not be treated as income until work execution. The Tribunal found no error in the decision and dismissed the appeal, affirming the Tribunal's ruling. Case-Laws Income Tax Tue, 03 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175788