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Income Tax - Highlights / Catch Notes

Home Highlights December 2012 Year 2012 This

As per AS-9 which gives the option of proportionate completion ...


Assessing Officer Rejects Assessee's Chosen Revenue Recognition Method Without Justification Under AS-9 Guidelines.

December 12, 2012

Case Laws     Income Tax     AT

As per AS-9 which gives the option of proportionate completion method and completed service contract method, out of which one is following by the assessee. AO rejected the books without any justification. - AT

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