Revision u/s 263 - Method of revenue recognition (project ...

Tax Tribunal Rules in Favor of Taxpayer on Revenue Recognition Methods and Expense Allocation Dispute.

February 20, 2024

Case Laws Income Tax AT

Revision u/s 263 - Method of revenue recognition (project completion vs. percentage completion method), and the allocation of interest and Transferable Development Rights (TDR) expenses. - The ITAT observed that, CIT has not substantiated that how the assessment order passed by the assessing officer is erroneous as well as prejudicial to the interest of revenue. Therefore, ground of the appeal of the assessee are allowed.

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Revision u/s 263 - Method of revenue recognition (project ...

Tax Tribunal Rules in Favor of Taxpayer on Revenue Recognition Methods and Expense Allocation Dispute.

February 20, 2024

Case Laws Income Tax AT

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