https://www.taxtmi.com/caselaws?id=360518 The Appellate Tribunal allowed the appeal of the assessee, a private limited company operating a beauty parlour, by directing the Income Tax Officer to delete the addition of Rs. 20,08,334 on account of income not offered to tax. The Tribunal held that the income should be recognized over the agreement period, relying on Accounting Standard-9 and principles of revenue recognition for royalties. The judgment was pronounced on 15.05.2018. en-us Tue, 15 May 2018 00:00:00 +0530 Fri, 18 May 2018 08:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360518 The Appellate Tribunal allowed the appeal of the assessee, a private limited company operating a beauty parlour, by directing the Income Tax Officer to delete the addition of Rs. 20,08,334 on account of income not offered to tax. The Tribunal held that the income should be recognized over the agreement period, relying on Accounting Standard-9 and principles of revenue recognition for royalties. The judgment was pronounced on 15.05.2018. Case-Laws Income Tax Tue, 15 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360518