https://www.taxtmi.com/caselaws?id=176890 The Revenue's appeal against the CIT(A)'s order for Assessment Year 2006-07, challenging income computation using Project Completion Method and disallowed expenses, was partly allowed. The Assessing Officer's disallowance of brought forward expenses and interest was upheld, with interest deduction referred back for reassessment. The judgment underscores the necessity of providing evidence to support claims, particularly in accounting practices and expense deductions, stressing the importance of factual scrutiny and legal compliance in income assessment proceedings. en-us Wed, 09 Feb 2011 00:00:00 +0530 Wed, 30 Dec 2015 16:19:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176890 The Revenue's appeal against the CIT(A)'s order for Assessment Year 2006-07, challenging income computation using Project Completion Method and disallowed expenses, was partly allowed. The Assessing Officer's disallowance of brought forward expenses and interest was upheld, with interest deduction referred back for reassessment. The judgment underscores the necessity of providing evidence to support claims, particularly in accounting practices and expense deductions, stressing the importance of factual scrutiny and legal compliance in income assessment proceedings. Case-Laws Income Tax Wed, 09 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176890