https://www.taxtmi.com/caselaws?id=431667 The Tribunal set aside the addition of Rs. 1,43,06,414/- on account of operation and maintenance service charges of transmission lines, allowing the appeal of the assessee. The Tribunal found that uncertainties regarding the determination and collection of the amount justified deferring revenue recognition to a subsequent financial year. The Tribunal held that the assessing officer cannot tax revenues from a previous year while disputing the deferral of revenues in the current year due to similar uncertainties. en-us Wed, 30 Nov 2022 00:00:00 +0530 Mon, 19 Dec 2022 09:16:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431667 The Tribunal set aside the addition of Rs. 1,43,06,414/- on account of operation and maintenance service charges of transmission lines, allowing the appeal of the assessee. The Tribunal found that uncertainties regarding the determination and collection of the amount justified deferring revenue recognition to a subsequent financial year. The Tribunal held that the assessing officer cannot tax revenues from a previous year while disputing the deferral of revenues in the current year due to similar uncertainties. Case-Laws Income Tax Wed, 30 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431667