https://www.taxtmi.com/caselaws?id=391902 The Tribunal allowed the appeals of the assessee, directing the deletion of disallowances towards retention money/security deposits and the recomputation of interest under Section 234B based on the declared income. The decision was grounded on recognizing income on actual realization and consistent accounting practices, overturning the Assessing Officer and Commissioner of Income Tax (Appeals) rulings. en-us Mon, 20 Jan 2020 00:00:00 +0530 Mon, 10 Feb 2020 08:09:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391902 The Tribunal allowed the appeals of the assessee, directing the deletion of disallowances towards retention money/security deposits and the recomputation of interest under Section 234B based on the declared income. The decision was grounded on recognizing income on actual realization and consistent accounting practices, overturning the Assessing Officer and Commissioner of Income Tax (Appeals) rulings. Case-Laws Income Tax Mon, 20 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391902