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Income Tax - Highlights / Catch Notes

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Revenue recognition - Accounting method - determination of ...

Case Laws     Income Tax

July 30, 2022

Revenue recognition - Accounting method - determination of income on completion of its projects - the method of accounting, namely, the project completion method was followed by the assessee and has been accepted by the Department and, thus, by applying the principle of consistency, the appeal of the revenue is dismissed. - HC

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