https://www.taxtmi.com/caselaws?id=312439 The Tribunal ruled that advertisement receipts should be taxed on a cash basis due to the absence of maintained books of account in India, aligning with a prior High Court decision. Consequently, the issue was resolved against the Revenue. Regarding interest under sections 234B and 234C of the Income-tax Act, the Tribunal found this matter to be consequential and instructed the Assessing Officer to levy interest according to the law. The Revenue's appeal was dismissed, with the order pronounced on January 1, 2010. en-us Fri, 01 Jan 2010 00:00:00 +0530 Sat, 17 Feb 2024 12:21:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312439 The Tribunal ruled that advertisement receipts should be taxed on a cash basis due to the absence of maintained books of account in India, aligning with a prior High Court decision. Consequently, the issue was resolved against the Revenue. Regarding interest under sections 234B and 234C of the Income-tax Act, the Tribunal found this matter to be consequential and instructed the Assessing Officer to levy interest according to the law. The Revenue's appeal was dismissed, with the order pronounced on January 1, 2010. Case-Laws Income Tax Fri, 01 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312439