TaxTMI 
TaxTMI 
2010 (1) TMI 1308
X X X X Extracts X X X X
X X X X Extracts X X X X
....njiv Shah. ORDER PER T.R. SOOD, AM: In this appeal the Revenue has raised the following grounds: 1. "On the facts and in the circumstances of the case and in law, the Ld.CIT(A) has erred in holding that provisions of Circular No.742 were prejudicial to the interest of the assessee and therefore, not binding on it. 2. On the facts and in the circumstances of the case and in law, the Ld. C....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e find that through these grounds, the revenue has mainly raised the issue regarding the taxability of advertisement receipts. The assessee had claimed that the receipts should be recognized on the cash method of accounting basis whereas the Assessing Officer has taxed the same on mercantile basis. We further find that identical issue came up before the Tribunal in the case of the assessee for the....
X X X X Extracts X X X X
X X X X Extracts X X X X
....w so taken by the coordinate bench in the case of JCIT v. Satellite Television, Asian Region Advertising Sales BV (ITA No. 4988/M/2000: assessment year 1997-98). A copy of the said order will be deemed to be attached and forming part of this order." 4. Learned counsel for the assessee has also filed copy of the decision of the Hon'ble Bombay High Court (Income-tax Appeal (L) No. 1236 of 2009 dec....