https://www.taxtmi.com/caselaws?id=283479 The Tribunal dismissed the assessee's appeal for the Assessment Year 2007-08, ruling that retention money should not be considered as income until received by the assessee. The Tribunal referred to relevant case law, including Simplex Concrete Piles, and directed the exclusion of retention money from profit calculations. The decision was based on the matching principles in accounting and upheld the assessee's position on the treatment of retention money. The appeal was dismissed, with other grounds not pressed by the assessee. en-us Fri, 15 Mar 2019 00:00:00 +0530 Tue, 24 Sep 2019 15:45:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283479 The Tribunal dismissed the assessee's appeal for the Assessment Year 2007-08, ruling that retention money should not be considered as income until received by the assessee. The Tribunal referred to relevant case law, including Simplex Concrete Piles, and directed the exclusion of retention money from profit calculations. The decision was based on the matching principles in accounting and upheld the assessee's position on the treatment of retention money. The appeal was dismissed, with other grounds not pressed by the assessee. Case-Laws Income Tax Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283479