https://www.taxtmi.com/highlights?id=48132 Computation of ‘Cost of Sales’ and closing value of land - matching concept for determination of true profits - where the sale revenue has been recognized on the basis of FSI sold, the costs of FSI also needs to be determined on the same principles - The determination of ‘Cost of Sales’ in terms of geographical area would give totally distorted picture - not permitted en-us Tue, 23 Jul 2019 07:07:08 +0530 Mon, 22 Jul 2019 10:44:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48132 Computation of ‘Cost of Sales’ and closing value of land - matching concept for determination of true profits - where the sale revenue has been recognized on the basis of FSI sold, the costs of FSI also needs to be determined on the same principles - The determination of ‘Cost of Sales’ in terms of geographical area would give totally distorted picture - not permitted Highlights Income Tax Tue, 23 Jul 2019 07:07:08 +0530 https://www.taxtmi.com/highlights?id=48132