https://www.taxtmi.com/caselaws?id=356293 The High Court dismissed the appeal, ruling in favor of the Revenue regarding disputed project receipts and retention money being subjected to tax. The Court upheld the Tribunal's decision to allow prior years' expenditure as deduction in the Assessment Year based on the completed contract method of accounting, following the precedent set by the Supreme Court in Commissioner of Income Tax Vs. Bilahari Investment P. Ltd. The appeal was dismissed without costs awarded. en-us Mon, 12 Feb 2018 00:00:00 +0530 Wed, 28 Feb 2018 09:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356293 The High Court dismissed the appeal, ruling in favor of the Revenue regarding disputed project receipts and retention money being subjected to tax. The Court upheld the Tribunal's decision to allow prior years' expenditure as deduction in the Assessment Year based on the completed contract method of accounting, following the precedent set by the Supreme Court in Commissioner of Income Tax Vs. Bilahari Investment P. Ltd. The appeal was dismissed without costs awarded. Case-Laws Income Tax Mon, 12 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356293