https://www.taxtmi.com/caselaws?id=2390 The Tribunal dismissed the appeal, affirming the inclusion of advance subscription towards customer facilities as income for the relevant assessment year. The Tribunal held that the concept of deferred income was not recognized in the Income-tax Act, emphasizing that income, once received, is taxable regardless of attached obligations. The Tribunal considered the assessee's argument as an attempt to evade tax obligations, upholding the decision to include the entire receipt as income for the year. en-us Fri, 19 Jan 2007 00:00:00 +0530 Sat, 15 Jun 2013 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2390 The Tribunal dismissed the appeal, affirming the inclusion of advance subscription towards customer facilities as income for the relevant assessment year. The Tribunal held that the concept of deferred income was not recognized in the Income-tax Act, emphasizing that income, once received, is taxable regardless of attached obligations. The Tribunal considered the assessee's argument as an attempt to evade tax obligations, upholding the decision to include the entire receipt as income for the year. Case-Laws Income Tax Fri, 19 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2390