https://www.taxtmi.com/caselaws?id=395342 The tribunal allowed the appeal of the assessee, holding that the amount related to the O&M phase should not be included in the percentage of completion method for construction activities. Additionally, VAT and Service Tax should be excluded from the construction contract value for revenue recognition under AS 7. en-us Mon, 27 Apr 2020 00:00:00 +0530 Mon, 18 May 2020 12:12:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395342 The tribunal allowed the appeal of the assessee, holding that the amount related to the O&M phase should not be included in the percentage of completion method for construction activities. Additionally, VAT and Service Tax should be excluded from the construction contract value for revenue recognition under AS 7. Case-Laws Income Tax Mon, 27 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395342