https://www.taxtmi.com/caselaws?id=280401 The Appellate Tribunal ITAT MUMBAI addressed the issue of assessing income u/s.148 for the assessment year 2000-2001. The Tribunal set aside the order upholding the income assessment at Rs. 3,87,90,040 and remanded the matter to the Assessing Officer for further examination. The Tribunal emphasized the need to determine if the projects were part of work completed in a later assessment year where income was already offered for taxation. The Assessing Officer was tasked with clarifying discrepancies in work in progress figures and determining if projects were carried over to subsequent years for taxation. The appeal was allowed for statistical purposes. en-us Wed, 24 Nov 2010 00:00:00 +0530 Fri, 03 May 2019 12:06:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280401 The Appellate Tribunal ITAT MUMBAI addressed the issue of assessing income u/s.148 for the assessment year 2000-2001. The Tribunal set aside the order upholding the income assessment at Rs. 3,87,90,040 and remanded the matter to the Assessing Officer for further examination. The Tribunal emphasized the need to determine if the projects were part of work completed in a later assessment year where income was already offered for taxation. The Assessing Officer was tasked with clarifying discrepancies in work in progress figures and determining if projects were carried over to subsequent years for taxation. The appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 24 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280401