https://www.taxtmi.com/caselaws?id=268977 The Tribunal dismissed Revenue's appeals challenging the deletion of additions on account of annual listing fees received on an accrual basis for assessment years 2008-09 and 2009-10. The Tribunal upheld the decision of the ld. CIT (A), emphasizing the consistent accounting method followed by the assessee and citing legal precedents to support that the assessing officer was not justified in making the additions. The Tribunal affirmed that the assessing officer had previously accepted similar accounting methods of the assessee in other cases. Therefore, the deletion of the additions was upheld based on the accrual system of accounting and past precedents. en-us Tue, 11 Aug 2015 00:00:00 +0530 Sat, 05 Dec 2015 11:06:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268977 The Tribunal dismissed Revenue's appeals challenging the deletion of additions on account of annual listing fees received on an accrual basis for assessment years 2008-09 and 2009-10. The Tribunal upheld the decision of the ld. CIT (A), emphasizing the consistent accounting method followed by the assessee and citing legal precedents to support that the assessing officer was not justified in making the additions. The Tribunal affirmed that the assessing officer had previously accepted similar accounting methods of the assessee in other cases. Therefore, the deletion of the additions was upheld based on the accrual system of accounting and past precedents. Case-Laws Income Tax Tue, 11 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268977