https://www.taxtmi.com/caselaws?id=273237 The Tribunal upheld the original assessments and the CIT(A)'s decisions in a case concerning the taxability of retention money and the entitlement to deduction under Section 80IA(4) of the Income Tax Act. The Tribunal emphasized the importance of consistency in accounting methods and the requirement of incriminating evidence to alter assessments under Section 153A proceedings. The appeals of both the assessee and the revenue were dismissed, with the Tribunal ruling in favor of the original assessments. en-us Fri, 23 Sep 2016 00:00:00 +0530 Tue, 18 Apr 2023 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273237 The Tribunal upheld the original assessments and the CIT(A)'s decisions in a case concerning the taxability of retention money and the entitlement to deduction under Section 80IA(4) of the Income Tax Act. The Tribunal emphasized the importance of consistency in accounting methods and the requirement of incriminating evidence to alter assessments under Section 153A proceedings. The appeals of both the assessee and the revenue were dismissed, with the Tribunal ruling in favor of the original assessments. Case-Laws Income Tax Fri, 23 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273237