https://www.taxtmi.com/caselaws?id=406412 The Tribunal upheld the assessee's claim of development expenses on an estimated basis for Assessment Years 2010-11 and 2013-14, finding the change in accounting policy reasonable and in line with Accounting Standard AS-5. The Tribunal also ruled that development charges received from customers should not be taxed twice, setting aside the CIT(A)'s direction to tax a specific amount in a prior year. The revenue's appeals for both years were dismissed, and the Tribunal's decision was issued on 09.03.2021. en-us Tue, 09 Mar 2021 00:00:00 +0530 Tue, 13 Apr 2021 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406412 The Tribunal upheld the assessee's claim of development expenses on an estimated basis for Assessment Years 2010-11 and 2013-14, finding the change in accounting policy reasonable and in line with Accounting Standard AS-5. The Tribunal also ruled that development charges received from customers should not be taxed twice, setting aside the CIT(A)'s direction to tax a specific amount in a prior year. The revenue's appeals for both years were dismissed, and the Tribunal's decision was issued on 09.03.2021. Case-Laws Income Tax Tue, 09 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406412