https://www.taxtmi.com/caselaws?id=775509 The ITAT Mumbai remanded the issue of addition of advances from customers to the AO for factual verification, directing examination of whether the assessee offered these advances to tax in subsequent years upon project completion, considering the contractual terms with NPCIL and the accounting method followed. The assessee was instructed to provide documentary evidence supporting its tax treatment of advances. Grounds 1 to 8 were allowed for statistical purposes. The issue of interest levied for default in filing return and advance tax payment was also remanded for verification, while grounds under sections 234B and 234C were not separately adjudicated as they were consequential. en-us Wed, 09 Jul 2025 00:00:00 +0530 Sat, 26 Jul 2025 08:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775509 The ITAT Mumbai remanded the issue of addition of advances from customers to the AO for factual verification, directing examination of whether the assessee offered these advances to tax in subsequent years upon project completion, considering the contractual terms with NPCIL and the accounting method followed. The assessee was instructed to provide documentary evidence supporting its tax treatment of advances. Grounds 1 to 8 were allowed for statistical purposes. The issue of interest levied for default in filing return and advance tax payment was also remanded for verification, while grounds under sections 234B and 234C were not separately adjudicated as they were consequential. Case-Laws Income Tax Wed, 09 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775509