ITAT Deletes AMC Income Addition as Section 43CB Mandates Straight-Line Revenue Recognition

Johnson Lifts Pvt Ltd Vs DCIT (ITAT Chennai) The appeal before the Income Tax Appellate Tribunal, Chennai Bench, arose from an order dated 08.10.2025 passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, which confirmed an addition made by the Assessing Officer in the assessment order dated 20.03.2024 under Section 143(3) of the Income-tax Act, 1961 for Assessment Year 2022-23. The assessee company, engaged in the manufacture, supply, erection and maintenance of elevators and escalators, filed its return of income on 29.11.2022 declaring income of â...