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TMI Blog2001 (11) TMI 1019X X X X Extracts X X X X X X X X Extracts X X X X ..... adopted by the assessee did not reflect his 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the years in which the pictures were released 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 account ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... meant only the consideration relating 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 attribut ..... X X X X Extracts X X X X X X X X Extracts X X X X
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