TMI BlogRejection of books of accounts - recognition of income - Development of housing project - assessee has...Rejection of books of accounts - recognition of income - Development of housing project - assessee has not followed percentage completion method as per the Guidance Note issued by ICAI - The Guidance Note issued by the ICAI is recommendatory. The same do not override the choice of method of accounting to be followed by the assessee provided under the Act. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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