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2012 (10) TMI 678 - AT - Income TaxAddition on mobilization advance - CIT(A) deleted the addition - Held that:- Assessee is receiving mobilization advance from customers to enable the assessee to purchase the raw material for the proposed work. As per the assessee’s method of accounting, the material, finished or semi finished stocks is transferred to customers work site for installation through invoices. The customer is billed and the amount is credited to sales account at pro-rata to the extent work is done and billed from time to time. The mobilization advance is accordingly adjusted proportionately. This system of accounting does not suffer from any short coming, moreover, it has been accepted by the department in earlier years & there is no change in facts or law as compared to earlier years, thus as decided in CIT vs. Dalmia Promoters Developers (P) Ltd. [2006 (1) TMI 57 - DELHI HIGH COURT] for rejecting the view taken in earlier assessment years, there must be material change in the fact, situation or in law - in favour of assessee.
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