Case Law Details
Case Name : Income Tax Officer Vs Ms. Preeti Gobind Jhangiani (ITAT Mumbai)
Appeal Number : M.A.No.520/Mum/2011 (Arising out of ITA No.5211/Mum/2009)
Date of Judgement/Order : 27/06/2012
Related Assessment Year : 2006-07
Courts :
All ITAT ITAT Mumbai
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Even though assessee is following the cash system of accounting, following the decision of the Hon’ble Supreme Court in the case of Commissioner of Income tax. v. Shoorji Vallabhdas & Co, 46 ITR 144 relied on by the Counsel before the Bench that mere advance received does not partake the ch
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