https://www.taxtmi.com/caselaws?id=432650 The Tribunal remitted both issues back to the Assessing Officer for fresh consideration. Regarding the addition of unearned revenue, the Tribunal directed verification of consistent accounting practices, examination of revenue neutrality, and assessment of contingent revenue. For the disallowance under Section 40(a)(ia), the Tribunal instructed verification of ledger and journal entries to prevent double disallowance. The Assessing Officer was directed to ensure compliance with accounting standards and tax laws, providing the assessee an opportunity to present evidence. The appeals were allowed for statistical purposes with specific directions outlined for each issue. en-us Mon, 18 Jul 2022 00:00:00 +0530 Tue, 10 Jan 2023 21:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432650 The Tribunal remitted both issues back to the Assessing Officer for fresh consideration. Regarding the addition of unearned revenue, the Tribunal directed verification of consistent accounting practices, examination of revenue neutrality, and assessment of contingent revenue. For the disallowance under Section 40(a)(ia), the Tribunal instructed verification of ledger and journal entries to prevent double disallowance. The Assessing Officer was directed to ensure compliance with accounting standards and tax laws, providing the assessee an opportunity to present evidence. The appeals were allowed for statistical purposes with specific directions outlined for each issue. Case-Laws Income Tax Mon, 18 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432650