https://www.taxtmi.com/caselaws?id=403084 The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decisions. It emphasized the necessity of supporting evidence for additions based on survey statements and upheld the 'Percentage of Completion Method' for income recognition in real estate deals. The Tribunal highlighted that unsupported statements and unsubstantiated additions are inadequate for tax assessments. en-us Wed, 06 Jan 2021 00:00:00 +0530 Mon, 03 May 2021 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403084 The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decisions. It emphasized the necessity of supporting evidence for additions based on survey statements and upheld the 'Percentage of Completion Method' for income recognition in real estate deals. The Tribunal highlighted that unsupported statements and unsubstantiated additions are inadequate for tax assessments. Case-Laws Income Tax Wed, 06 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403084