https://www.taxtmi.com/forum/issue?id=3760 Revenue recognition by real estate developers should be deferred when the transfer of property is contested and pending before a court; standard accounting practice treats such disputes as legal contingencies that prevent recognizing sale proceeds until resolution or effective transfer, so revenue is not released while the transfer remains subject to judicial determination. en-us Wed, 25 Jan 2012 18:33:15 +0530 Thu, 23 Jan 2025 15:58:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3760 Revenue recognition by real estate developers should be deferred when the transfer of property is contested and pending before a court; standard accounting practice treats such disputes as legal contingencies that prevent recognizing sale proceeds until resolution or effective transfer, so revenue is not released while the transfer remains subject to judicial determination. Discussion-Forum Income Tax Wed, 25 Jan 2012 18:33:15 +0530 https://www.taxtmi.com/forum/issue?id=3760