https://www.taxtmi.com/caselaws?id=256439 The Tribunal held that both project completion and percentage completion methods could be valid for computing income from construction projects, depending on circumstances. It emphasized that income must be taxed for the relevant period and remanded the matter to the Assessing Officer to determine if income accrual conditions under AS-9 were met for each project. The Revenue's appeal was allowed for statistical purposes. en-us Thu, 28 Aug 2014 00:00:00 +0530 Wed, 25 Feb 2015 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256439 The Tribunal held that both project completion and percentage completion methods could be valid for computing income from construction projects, depending on circumstances. It emphasized that income must be taxed for the relevant period and remanded the matter to the Assessing Officer to determine if income accrual conditions under AS-9 were met for each project. The Revenue's appeal was allowed for statistical purposes. Case-Laws Income Tax Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256439