https://www.taxtmi.com/caselaws?id=414323 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on all grounds. The Tribunal found no fault in the consistent application of the project completion method for revenue recognition, proper treatment of brokerage expenses as revenue expenses, and the justification for interest payments on advances to group concerns. The Tribunal emphasized the correctness of the factual findings and the adherence to accounting standards in the assessments, leading to the dismissal of the Revenue's appeal. en-us Fri, 29 Oct 2021 00:00:00 +0530 Mon, 01 Nov 2021 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414323 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on all grounds. The Tribunal found no fault in the consistent application of the project completion method for revenue recognition, proper treatment of brokerage expenses as revenue expenses, and the justification for interest payments on advances to group concerns. The Tribunal emphasized the correctness of the factual findings and the adherence to accounting standards in the assessments, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 29 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414323