https://www.taxtmi.com/caselaws?id=466714 Assessee's percentage-of-completion method for recognising inside India revenue must be accepted where it is shown to have been applied consistently in preceding and succeeding years; the assessing officer's contrary estimation is set aside. Advance tax liability must be computed after reducing tax payable by tax deducted at source for the year in question, therefore no interest for shortfall in advance tax is chargeable. Disallowance for short deduction of tax at source is not tenable and must be deleted. A written off unadjustable input service tax credit arising in the course of business is an allowable trading loss/deduction. en-us Fri, 22 Dec 2023 00:00:00 +0530 Tue, 17 Feb 2026 19:25:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466714 Assessee's percentage-of-completion method for recognising inside India revenue must be accepted where it is shown to have been applied consistently in preceding and succeeding years; the assessing officer's contrary estimation is set aside. Advance tax liability must be computed after reducing tax payable by tax deducted at source for the year in question, therefore no interest for shortfall in advance tax is chargeable. Disallowance for short deduction of tax at source is not tenable and must be deleted. A written off unadjustable input service tax credit arising in the course of business is an allowable trading loss/deduction. Case-Laws Income Tax Fri, 22 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466714