https://www.taxtmi.com/caselaws?id=388868 The Tribunal upheld the deletion of additions related to alleged under-valuation of closing work-in-progress and undisclosed closing stock, finding the assessee's accounting method correct. However, the Tribunal reversed the addition of Rs. 27,50,748 for profit from unsold flats, stating profit should be recognized upon actual sale. The Revenue's appeal was dismissed, and the assessee's appeal was allowed. en-us Fri, 22 Nov 2019 00:00:00 +0530 Mon, 25 Nov 2019 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388868 The Tribunal upheld the deletion of additions related to alleged under-valuation of closing work-in-progress and undisclosed closing stock, finding the assessee's accounting method correct. However, the Tribunal reversed the addition of Rs. 27,50,748 for profit from unsold flats, stating profit should be recognized upon actual sale. The Revenue's appeal was dismissed, and the assessee's appeal was allowed. Case-Laws Income Tax Fri, 22 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388868