https://www.taxtmi.com/caselaws?id=179849 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions on all issues. The treatment of advances received for production of advertisement films as income was rejected, supporting the project completion method of accounting. Charging interest on advances made to Directors was deemed unnecessary as it was not from borrowed funds. The applicability of TDS provisions was clarified, with the Tribunal affirming that timely remittance before the return due date negates disallowance under section 40(a)(ia). en-us Thu, 08 Aug 2013 00:00:00 +0530 Thu, 10 Mar 2016 16:35:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179849 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions on all issues. The treatment of advances received for production of advertisement films as income was rejected, supporting the project completion method of accounting. Charging interest on advances made to Directors was deemed unnecessary as it was not from borrowed funds. The applicability of TDS provisions was clarified, with the Tribunal affirming that timely remittance before the return due date negates disallowance under section 40(a)(ia). Case-Laws Income Tax Thu, 08 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179849