https://www.taxtmi.com/caselaws?id=327239 The appeal challenged the Tribunal's order for Assessment Year 2007-08, focusing on issues related to disallowance under Rule 8D, computation of book profits under Section 115JB, liability for warranties, and treatment of amounts from public sector companies. The counsel for the Revenue conceded settled issues in favor of the respondent-assessee. The Tribunal upheld the respondent's method of recognizing revenue from construction contracts, considering work completed, and treating excess amounts as advances. Further consideration was directed for questions regarding warranties and treatment of public sector company amounts. en-us Mon, 18 Apr 2016 00:00:00 +0530 Sat, 07 May 2016 10:37:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327239 The appeal challenged the Tribunal's order for Assessment Year 2007-08, focusing on issues related to disallowance under Rule 8D, computation of book profits under Section 115JB, liability for warranties, and treatment of amounts from public sector companies. The counsel for the Revenue conceded settled issues in favor of the respondent-assessee. The Tribunal upheld the respondent's method of recognizing revenue from construction contracts, considering work completed, and treating excess amounts as advances. Further consideration was directed for questions regarding warranties and treatment of public sector company amounts. Case-Laws Income Tax Mon, 18 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327239