https://www.taxtmi.com/caselaws?id=343533 The Tribunal partly allowed the appeal, favoring the appellant on issues related to accrued income and VAT. The judgment emphasized the accurate interpretation of agreements and recognition of income based on the mercantile system of accounting. The delay in filing the appeal was condoned due to valid reasons, and the Tribunal ruled in favor of the appellant regarding the addition of accrued income and VAT, following a similar case precedent involving Moti Sagar. The treatment of VAT as part of the payment received was also decided in favor of the appellant, overturning the FAA's decision. en-us Tue, 23 May 2017 00:00:00 +0530 Sat, 27 May 2017 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343533 The Tribunal partly allowed the appeal, favoring the appellant on issues related to accrued income and VAT. The judgment emphasized the accurate interpretation of agreements and recognition of income based on the mercantile system of accounting. The delay in filing the appeal was condoned due to valid reasons, and the Tribunal ruled in favor of the appellant regarding the addition of accrued income and VAT, following a similar case precedent involving Moti Sagar. The treatment of VAT as part of the payment received was also decided in favor of the appellant, overturning the FAA's decision. Case-Laws Income Tax Tue, 23 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343533