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2014 (10) TMI 7 - HC - Income TaxAccrual of income - Services charges deemed to be income or not – part of trading receipts – Held that:- The amount received by the assessee in the name of the service charges were meant for the service to be rendered in the second year from the date of sale of television sets - It was an advance money for which separate account was maintained - the amount cannot be treated as the income of the assessee during the assessment year - It was meant for the future service – the amount was treated, during the assessement as an income, but the appellate authorities have deleted the said amount by observing that it was service charges - relying upon M. Janardhana Rao Vs. JCIT [2005 (1) TMI 14 - SUPREME Court] – the order of the Tribunal is upheld – Decided against revenue.
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