https://www.taxtmi.com/caselaws?id=186301 The appeal was dismissed by the CIT(A) due to the failure to appreciate facts and submissions. The dispute centered on the method of income recognition by the assessee, a real estate partnership firm, in relation to possession of flats in a Pune project. The Assessing Officer's addition of estimated profit on alleged sales, particularly concerning flats in different wings of the project, was upheld by the Tribunal. The matter was remanded to the AO for re-quantification based on verified possession cases, resulting in a partial allowance of the appeal. en-us Tue, 31 Mar 2015 00:00:00 +0530 Wed, 14 Sep 2016 10:34:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186301 The appeal was dismissed by the CIT(A) due to the failure to appreciate facts and submissions. The dispute centered on the method of income recognition by the assessee, a real estate partnership firm, in relation to possession of flats in a Pune project. The Assessing Officer's addition of estimated profit on alleged sales, particularly concerning flats in different wings of the project, was upheld by the Tribunal. The matter was remanded to the AO for re-quantification based on verified possession cases, resulting in a partial allowance of the appeal. Case-Laws Income Tax Tue, 31 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186301