https://www.taxtmi.com/highlights?id=54131 Revision u/s 263 - Income recognition method - PCIT cannot direct the AO for denovo assessment without assigning any defects or deficiencies in the method of accounting of revenue recognition on account of sale of flats/residential units/land and regarding non-applicability of AS-7 as contended by ld counsel for the assessee during the proceedings u/s 263. en-us Wed, 22 Jul 2020 12:12:44 +0530 Wed, 22 Jul 2020 12:12:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54131 Revision u/s 263 - Income recognition method - PCIT cannot direct the AO for denovo assessment without assigning any defects or deficiencies in the method of accounting of revenue recognition on account of sale of flats/residential units/land and regarding non-applicability of AS-7 as contended by ld counsel for the assessee during the proceedings u/s 263. Highlights Income Tax Wed, 22 Jul 2020 12:12:44 +0530 https://www.taxtmi.com/highlights?id=54131