TMI Blog2001 (11) TMI 1019X X X X Extracts X X X X X X X X Extracts X X X X ..... is true income. Therefore, he added further sums to what had been reported by the assessee as his income. The assessment year is 1982-83. 2. The assessee received moneys from Hasan Brothers, with which he had entered into an agreement, in terms of which the firm was to hire out the assessee s service to others, receiving the entire consideration for such service and pay 3/4th of the gross recei ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eleased and the full income from the movie received by the assessee through the firm to the extent of the receipt in his hands had been taxed, the balance having been taxed in the hands of the firm. The Tribunal and the CIT disagreeing with the Assessing Officer concluded that there was no loss, that the income was properly deducible from the method of accounting that had been employed by the asse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to completed pictures and excluding the part payments received in respect of ongoing pictures ? 2. Without prejudice to the answer to the above question, whether the Tribunal was right in further holding that the term gross receipts occurring in the same clause did not mean the gross realisation of the firm during the year but only the realisation attributable to the completed pictures ign ..... X X X X Extracts X X X X X X X X Extracts X X X X
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