https://www.taxtmi.com/caselaws?id=177159 The Tribunal dismissed the appeals for assessment years 2003-04 and 2006-07 regarding the taxability of retention money. However, for assessment years 2007-08 and 2008-09, the Tribunal allowed the appeals, instructing the Assessing Officer to consider excluding retention money. The matter was remanded for re-computation of total income, emphasizing the need for a substantive examination of the claim rather than dismissing it on procedural grounds. en-us Thu, 31 Oct 2013 00:00:00 +0530 Thu, 03 Nov 2016 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177159 The Tribunal dismissed the appeals for assessment years 2003-04 and 2006-07 regarding the taxability of retention money. However, for assessment years 2007-08 and 2008-09, the Tribunal allowed the appeals, instructing the Assessing Officer to consider excluding retention money. The matter was remanded for re-computation of total income, emphasizing the need for a substantive examination of the claim rather than dismissing it on procedural grounds. Case-Laws Income Tax Thu, 31 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177159