https://www.taxtmi.com/caselaws?id=385727 The ITAT partially allowed the appeal, upholding the addition on account of advance billings as income must accrue based on the mercantile system of accounting. The deduction for royalties related to advance billing was allowed following a precedent. The addition on account of un-reconciled entries in the Annual Information Report was set aside for fresh adjudication at the AO's level. The grounds of appeal deemed infructuous were dismissed. The order was pronounced on 22/07/2019. en-us Mon, 22 Jul 2019 00:00:00 +0530 Thu, 12 Sep 2019 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385727 The ITAT partially allowed the appeal, upholding the addition on account of advance billings as income must accrue based on the mercantile system of accounting. The deduction for royalties related to advance billing was allowed following a precedent. The addition on account of un-reconciled entries in the Annual Information Report was set aside for fresh adjudication at the AO's level. The grounds of appeal deemed infructuous were dismissed. The order was pronounced on 22/07/2019. Case-Laws Income Tax Mon, 22 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385727