https://www.taxtmi.com/caselaws?id=788188 Recognition of AMC receipts for AY 2022-23 must follow the statutory contract revenue recognition framework: contracts involving an indeterminate number of service acts are to use the straight line method while short-duration contracts may use project completion; applicable accounting pronouncements under ICDS govern revenue recognition. The contractual cancellation and proportionate refund clause and the post 2017 statutory amendment apply to the year in question, making prior-year decisions inapposite. Consequently AMC revenue is to be recognised over the contract period on a straight line basis and the assessment addition must be deleted. en-us Mon, 09 Mar 2026 00:00:00 +0530 Wed, 18 Mar 2026 08:20:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788188 Recognition of AMC receipts for AY 2022-23 must follow the statutory contract revenue recognition framework: contracts involving an indeterminate number of service acts are to use the straight line method while short-duration contracts may use project completion; applicable accounting pronouncements under ICDS govern revenue recognition. The contractual cancellation and proportionate refund clause and the post 2017 statutory amendment apply to the year in question, making prior-year decisions inapposite. Consequently AMC revenue is to be recognised over the contract period on a straight line basis and the assessment addition must be deleted. Case-Laws Income Tax Mon, 09 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788188