https://www.taxtmi.com/caselaws?id=468699 Advances received against sale of room nights under a holiday scheme were treated as not finally accrued income on receipt because the assessee remained obliged to provide future room nights and refund surrender value at scheme end; the earlier view in the assessee's own case, affirmed by the High Court, was followed, and the related additions and deduction disallowance were deleted. Commission paid to agents for marketing the holiday schemes was held to be matched to the scheme tenure and therefore required pro-rata allocation over the relevant period, with the quantum left for verification and recomputation by the Assessing Officer. en-us Fri, 01 Sep 2017 00:00:00 +0530 Mon, 18 May 2026 11:19:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468699 Advances received against sale of room nights under a holiday scheme were treated as not finally accrued income on receipt because the assessee remained obliged to provide future room nights and refund surrender value at scheme end; the earlier view in the assessee's own case, affirmed by the High Court, was followed, and the related additions and deduction disallowance were deleted. Commission paid to agents for marketing the holiday schemes was held to be matched to the scheme tenure and therefore required pro-rata allocation over the relevant period, with the quantum left for verification and recomputation by the Assessing Officer. Case-Laws Income Tax Fri, 01 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468699