https://www.taxtmi.com/caselaws?id=114205 The court upheld the adoption of the Percentage Completion Method (PCM) for revenue recognition in real estate projects, disallowing certain fees paid to authorities and directing the assessment of rental income and hire charges under specific categories. The CIT(A) and AO decisions were affirmed, dismissing appeals from both parties. en-us Thu, 30 Sep 2010 00:00:00 +0530 Wed, 06 Sep 2023 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114205 The court upheld the adoption of the Percentage Completion Method (PCM) for revenue recognition in real estate projects, disallowing certain fees paid to authorities and directing the assessment of rental income and hire charges under specific categories. The CIT(A) and AO decisions were affirmed, dismissing appeals from both parties. Case-Laws Income Tax Thu, 30 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114205