https://www.taxtmi.com/caselaws?id=364506 The ITAT partly allowed the appeal, directing the AO to restrict the quantification of undisclosed income to the extent of incriminating material found during the search and to tax the on-money receipts in the year the project is completed, as the assessee follows the project completion method for revenue recognition. The addition of Rs. 18,82,59,020 was set aside for limited quantification based on incriminating material and to be taxed in the appropriate year of project completion. en-us Fri, 27 Jul 2018 00:00:00 +0530 Tue, 31 Jul 2018 13:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364506 The ITAT partly allowed the appeal, directing the AO to restrict the quantification of undisclosed income to the extent of incriminating material found during the search and to tax the on-money receipts in the year the project is completed, as the assessee follows the project completion method for revenue recognition. The addition of Rs. 18,82,59,020 was set aside for limited quantification based on incriminating material and to be taxed in the appropriate year of project completion. Case-Laws Income Tax Fri, 27 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364506