https://www.taxtmi.com/caselaws?id=432472 The tribunal allowed the appeal, setting aside the CIT(A)'s order on the grounds of accumulation of income, provision for accrued liability, and computation of capital gain. The tribunal directed the AO to compute the accumulation of income based on gross receipts, consider provision for accrued liability as application of income, and calculate capital gain based on the WDV of the asset. The order was pronounced on January 4, 2023. en-us Wed, 04 Jan 2023 00:00:00 +0530 Fri, 06 Jan 2023 09:35:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432472 The tribunal allowed the appeal, setting aside the CIT(A)'s order on the grounds of accumulation of income, provision for accrued liability, and computation of capital gain. The tribunal directed the AO to compute the accumulation of income based on gross receipts, consider provision for accrued liability as application of income, and calculate capital gain based on the WDV of the asset. The order was pronounced on January 4, 2023. Case-Laws Income Tax Wed, 04 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432472