https://www.taxtmi.com/caselaws?id=216544 The Revenue's appeal against the CIT(A)'s order for the assessment year 2008-09, concerning the treatment of expenses and income in a real estate business, was dismissed. The CIT(A) upheld the assessee's claims, emphasizing consistency in accounting methods, acceptance of development expenses, and proper allocation of expenses. This led to the deletion of the trading addition and the dismissal of both the Revenue's appeal and the assessee's grounds in C.O. No.19(Asr)/2011. en-us Thu, 28 Jun 2012 00:00:00 +0530 Wed, 29 Aug 2012 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216544 The Revenue's appeal against the CIT(A)'s order for the assessment year 2008-09, concerning the treatment of expenses and income in a real estate business, was dismissed. The CIT(A) upheld the assessee's claims, emphasizing consistency in accounting methods, acceptance of development expenses, and proper allocation of expenses. This led to the deletion of the trading addition and the dismissal of both the Revenue's appeal and the assessee's grounds in C.O. No.19(Asr)/2011. Case-Laws Income Tax Thu, 28 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216544