https://www.taxtmi.com/caselaws?id=202969 The Tribunal upheld the CIT(A)'s decision regarding the recognition of revenue from the sale of plots by the assessee company for the assessment year 2005-06. The assessee's postponement of revenue recognition until the completion of development works, as per obligations in the sale deeds, was deemed appropriate. The Revenue's appeal was dismissed, affirming that the income had not accrued to the assessee until all necessary obligations were fulfilled. en-us Mon, 31 Jan 2011 00:00:00 +0530 Mon, 13 Jun 2011 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202969 The Tribunal upheld the CIT(A)'s decision regarding the recognition of revenue from the sale of plots by the assessee company for the assessment year 2005-06. The assessee's postponement of revenue recognition until the completion of development works, as per obligations in the sale deeds, was deemed appropriate. The Revenue's appeal was dismissed, affirming that the income had not accrued to the assessee until all necessary obligations were fulfilled. Case-Laws Income Tax Mon, 31 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202969