Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
Revision u/s 263 - Method of accounting adopted for revenue recognition of the project - The Tribunal decided that the Pr.CIT erred in directing the AO to reassess based on the method of accounting adopted for revenue recognition. It noted that the appellant had consistently followed the project completion method, which had been accepted by the revenue authorities in the past, and the AO had applied his mind to this issue in the assessment. The Tribunal set aside the Pr.CIT's order on this issue, ruling in favor of the appellant.
Revision u/s 263 - Method of accounting adopted for revenue recognition of the project - The Tribunal decided that the Pr.CIT erred in directing the AO to reassess based on the method of accounting adopted for revenue recognition. It noted that the appellant had consistently followed the project completion method, which had been accepted by the revenue authorities in the past, and the AO had applied his mind to this issue in the assessment. The Tribunal set aside the Pr.CIT's order on this issue, ruling in favor of the appellant.
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