#Accrual Basis

ITAT Delhi rules that contractual receipts reflected in Form 26AS are taxable in the year of receipt if the taxpayer fails to prove deferral under the accrual or completed contract method. The ruling shifts the burden of proof to the assessee to justify deferral, impacting tax assessments for businesses with disputed or unrecognized revenue.

CESTAT Kolkata holds that service tax demands cannot be sustained merely on Form 26AS or income tax returns without proof of taxable service, recipient, and consideration.