https://www.taxtmi.com/caselaws?id=406089 The Tribunal upheld the decisions in favor of the assessee, ruling that rental income should be accounted for and offered for tax on an accrual basis following the mercantile system of accounting. Additionally, the Tribunal found that the addition of space rent income was not sustainable due to unresolved disputes, emphasizing that income cannot be taxed when there is a dispute preventing its accrual. The Tribunal based its decision on the consistency of previous rulings by the Coordinate Bench and dismissed the Revenue's appeals accordingly. en-us Mon, 22 Mar 2021 00:00:00 +0530 Tue, 06 Apr 2021 08:51:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406089 The Tribunal upheld the decisions in favor of the assessee, ruling that rental income should be accounted for and offered for tax on an accrual basis following the mercantile system of accounting. Additionally, the Tribunal found that the addition of space rent income was not sustainable due to unresolved disputes, emphasizing that income cannot be taxed when there is a dispute preventing its accrual. The Tribunal based its decision on the consistency of previous rulings by the Coordinate Bench and dismissed the Revenue's appeals accordingly. Case-Laws Income Tax Mon, 22 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406089