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Income Tax - Highlights / Catch Notes

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Treatment to sale proceeds of land TDR - Method of accounting - ...


Court Rules Against Revenue on TDR Sale Proceeds; Assessee's Project Completion Method Upheld for Income Reporting.

June 7, 2023

Case Laws     Income Tax     AT

Treatment to sale proceeds of land TDR - Method of accounting - in this case method of accounting followed by the assessee is completion of project and has offered the income received on sale of TDR in the subsequent assessment year and the same has been duly assessed. - Decided against the revenue - AT

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