https://www.taxtmi.com/caselaws?id=270928 The ITAT upheld the CIT(A)'s decision in four appeals, ruling in favor of the assessee regarding the postponement of income received as remuneration for professional/technical services. The ITAT found that the amount received was an advance pending project completion, not taxable income for the year, and supported the consistency in accounts and the project completion method of accounting followed by the assessee. The Revenue's appeal was dismissed, affirming the decision across all cases. en-us Fri, 18 Dec 2015 00:00:00 +0530 Sat, 30 Apr 2016 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270928 The ITAT upheld the CIT(A)'s decision in four appeals, ruling in favor of the assessee regarding the postponement of income received as remuneration for professional/technical services. The ITAT found that the amount received was an advance pending project completion, not taxable income for the year, and supported the consistency in accounts and the project completion method of accounting followed by the assessee. The Revenue's appeal was dismissed, affirming the decision across all cases. Case-Laws Income Tax Fri, 18 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270928