2012 (5) TMI 851

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..... AHAM P. GEORGE, ACCOUNTANT MEMBER : In this appeal filed by the Revenue, its grievance is that the retention amount on contract ₹ 3,93,59,310/- added by the A.O. was deleted by CIT(Appeals). 2. Assessee is engaged in contract business and in its memo of income, it had claimed deduction for money retained by its clients as per the contracts. As per the assessee, such amounts were still .....

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..... on ble jurisdictional High Court in the case of Ignifluid Boilers (P) Ltd. (supra) has not been accepted by the Revenue, but an SLP has been filed before Hon ble Apex Court. 5. Per contra, A.R. submitted that the SLP filed by the Revenue against the decision of Hon ble jurisdictional High Court in the case of Ignifluid Boilers (P) Ltd. (supra) stood dismissed. 6. We have perused the orders a .....

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