Revenue recognition - accounting process - Simply because ...

Court Upholds Consistent Accounting Practices: Progress Billing Shouldn't Alter Method Despite Completion Percentages Discrepancy.

July 9, 2020

Case Laws Income Tax AT

Revenue recognition - accounting process - Simply because progress billing was more than the stage of percentage of completion, the same, in itself, could not be the basis to usurp the consistent method of accounting being followed by the assessee. - Additions made by AO deleted.

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Revenue recognition - accounting process - Simply because ...

Court Upholds Consistent Accounting Practices: Progress Billing Shouldn't Alter Method Despite Completion Percentages Discrepancy.

July 9, 2020

Case Laws Income Tax AT

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