https://www.taxtmi.com/caselaws?id=421228 The Tribunal affirmed that deferred income should be recognized when services are provided, not upon receipt, in line with AS-9 and the mercantile system of accounting. Relying on precedent, including a similar case involving M/s Sun TV Network Ltd., the Tribunal upheld the CIT(A)'s decision. The appeal was dismissed, directing the AO to delete additions made towards deferred revenue for all relevant assessment years. The order was pronounced on 01st April 2022. en-us Fri, 01 Apr 2022 00:00:00 +0530 Tue, 19 Apr 2022 22:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421228 The Tribunal affirmed that deferred income should be recognized when services are provided, not upon receipt, in line with AS-9 and the mercantile system of accounting. Relying on precedent, including a similar case involving M/s Sun TV Network Ltd., the Tribunal upheld the CIT(A)'s decision. The appeal was dismissed, directing the AO to delete additions made towards deferred revenue for all relevant assessment years. The order was pronounced on 01st April 2022. Case-Laws Income Tax Fri, 01 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421228