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🔎 Highlights - Adv. Search ❯
    November 1, 2025 Notifications Customs
    Customs fixes tariff values for edible oils, brass scrap, areca nut, gold and silver effective 1 November 2025
    November 1, 2025 Notifications Customs
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    November 1, 2025 Notifications Customs
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    November 1, 2025 Notifications Customs
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    November 1, 2025 Circulars SEBI
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    November 1, 2025 Circulars FEMA
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    November 1, 2025 Case Laws GST
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    Section 194LA excludes TDR certificates from TDS; interim stay on tax demand and penalties under ss.201, 201(1A), 274/271C
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    Case ID :
    Income Tax

    Accrual of income - Recognition of income - Additions based on...

    Tax Case Validates Income Recognition for Partially Completed Projects.

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    Income TaxNovember 21, 2023Case LawsAT

    Accrual of income - Recognition of income - Additions based on Final Projections while making application u/s 197 - Actual financial results were to be accepted. Assessee was unable to complete the project it had estimated and accordingly, it has recognized revenue only for the portion of the work that has been completed and certified. The same, in our considered opinion, is correct methodology. - AT

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    ActsIncome Tax
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