https://www.taxtmi.com/caselaws?id=385269 The Tribunal upheld the decision that interest income earned on parking funds should be assessed as "income from other sources." Approval fees payable for renewal were disallowed under Section 43B but were directed to reduce Work in Progress. De-recognized sales were allowed following revised accounting guidance, with the issue remanded to verify the quantum. The appeals for the assessment years 2014-15 and 2015-16 were partly allowed for statistical purposes, with directions for further examination by the Assessing Officer on specific issues. en-us Fri, 12 Jul 2019 00:00:00 +0530 Sun, 01 Sep 2019 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385269 The Tribunal upheld the decision that interest income earned on parking funds should be assessed as "income from other sources." Approval fees payable for renewal were disallowed under Section 43B but were directed to reduce Work in Progress. De-recognized sales were allowed following revised accounting guidance, with the issue remanded to verify the quantum. The appeals for the assessment years 2014-15 and 2015-16 were partly allowed for statistical purposes, with directions for further examination by the Assessing Officer on specific issues. Case-Laws Income Tax Fri, 12 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385269