Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2017 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (9) TMI 1933 - ITAT MUMBAIUndisclosed cash receipts - Year of assessment - assessee is following accrual based accounting - CIT(A) deleted the addition as directed the AO to ensure that the unaccounted cash forms part of the assessed income of AY 2014-15 - HELD THAT:- Having gone through the return of income filed by ISAE for the AY 2008-09 to AY 2014-15, we find that it is following the project completion method. It filed its return of income for the AY 2014-15 on 04.04.2015 declaring total income. The above income has been accepted without any variation by ACIT-20(1), Mumbai in the assessment dated 28.12.2016 completed u/s 143(3) of the Act. We have mentioned earlier that the return of income for A.Y. 2014-15 filed by the assessee declaring total income has been accepted by the ACIT-20(1), Mumbai u/s 143(3) of the Act. Therefore, we uphold the order of the Ld. CIT(A). - Decided against revenue.
|