https://www.taxtmi.com/caselaws?id=271562 The appeal challenged the assessment order for the assessment year 2010-11, focusing on the inclusion of demobilization revenue in gross receipts for tax computation under section 44BB of the Act. The Tribunal upheld the AO and DRP's decision to consider the entire demobilization revenue as part of the gross contract amount. Additionally, the claim for deduction of a credit note issued was rejected, as the Tribunal held that under section 44BB, deductions were not permissible. The Tribunal directed the assessing officer to compute interest in line with a previous court ruling, partially allowing the appeal. en-us Fri, 08 Jan 2016 00:00:00 +0530 Tue, 09 Feb 2016 10:23:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271562 The appeal challenged the assessment order for the assessment year 2010-11, focusing on the inclusion of demobilization revenue in gross receipts for tax computation under section 44BB of the Act. The Tribunal upheld the AO and DRP's decision to consider the entire demobilization revenue as part of the gross contract amount. Additionally, the claim for deduction of a credit note issued was rejected, as the Tribunal held that under section 44BB, deductions were not permissible. The Tribunal directed the assessing officer to compute interest in line with a previous court ruling, partially allowing the appeal. Case-Laws Income Tax Fri, 08 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271562