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Income Tax - Highlights / Catch Notes

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Accrual of income - treating of advances received by the ...

Case Laws     Income Tax

August 17, 2022

Accrual of income - treating of advances received by the assessee from flat buyers as income of the assessee for AY 2006-07 - selection of Project Completion Method or Completed Contract Method - No error in the finding of the Ld. CIT(A) in upholding the Project Completion Method or Completed Contract Method followed by the assessee for declaring income from the project under reference. - AT

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