https://www.taxtmi.com/caselaws?id=192112 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 82,35,112/-, supporting the assessee's treatment of the disputed amount as contingent sales. The Tribunal found the assessee's method consistent with AS-9 and the mercantile system of accounting, recognizing revenue based on real income and reflecting uncertainty in collectability due to ongoing litigation. The appeal filed by the revenue was dismissed. en-us Fri, 27 May 2016 00:00:00 +0530 Sat, 13 May 2017 20:35:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192112 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 82,35,112/-, supporting the assessee's treatment of the disputed amount as contingent sales. The Tribunal found the assessee's method consistent with AS-9 and the mercantile system of accounting, recognizing revenue based on real income and reflecting uncertainty in collectability due to ongoing litigation. The appeal filed by the revenue was dismissed. Case-Laws Income Tax Fri, 27 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192112