Income declared on proportional receipt basis cannot be questioned

DCIT Vs Monster.Com (India) Private Limited (ITAT Hyderabad)  In the assessee’s own case the Tribunal observed that the assessee followed appropriate revenue recognition method of accounting and thus the income declared on proportional receipt basis cannot be questioned. This order was followed by the ITAT in the assessee’s own case in the A.Ys 2007-08 to 2009-10 (ITA No. 1762/Hyd/2011 onwards dated 31.03.2017), wherein the Bench reiterated the stand that was taken in the assessee’s own case in the earlier years. Ld. DR however submits that in 2008-2009 a different view was ...