2010 (11) TMI 1108 - BOMBAY HIGH COURT - Income Tax

Extract:
.......d cash receipts have been offered to tax in the AY2008-2009, since the Assessee was following the project completion method. Once the cash in question has already been assessed to tax, the question of taxing the same assessment year in question AY2005-2006 does not arise. In this view, we see no merit in the Appeal and the same is hereby dismissed.