2012 (3) TMI 617

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... evenue in this appeal, which pertains to assessment year 2006-07 and arises out the order dated 8.7.2011 passed by the Income Tax Appellate Tribunal in the case of DLF Commercial Developers Ltd. It is interesting to note that the Revenue in the grounds of appeal has pleaded that the concept of deferred income is alien to the Income Tax Act, 1961. The Tribunal in the impugned order has referred .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on of this Court in CIT Vs. Dinesh Kumar Goel (2011) 331 ITR 10. In the said case, this High Court has referred to the concept of income, and the principles of accountancy. In the said case, the respondent-assessee was running a coaching institute and was receiving upfront fee for providing coaching, which was spread over one year or two years. Keeping in view the factual position, Tribunal has .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X