https://www.taxtmi.com/caselaws?id=300559 The ITAT Ahmedabad upheld the Ld. CIT(A)'s decision regarding the addition of income and interest disallowance for the assessment year 2005-06. The Revenue's appeal was dismissed as the assessee, a developer, was not required to recognize income based on percentage of completion method and the interest disallowance was reversed as it was related to delayed payments, not borrowings. en-us Fri, 03 Feb 2012 00:00:00 +0530 Fri, 11 Feb 2022 17:28:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300559 The ITAT Ahmedabad upheld the Ld. CIT(A)'s decision regarding the addition of income and interest disallowance for the assessment year 2005-06. The Revenue's appeal was dismissed as the assessee, a developer, was not required to recognize income based on percentage of completion method and the interest disallowance was reversed as it was related to delayed payments, not borrowings. Case-Laws Income Tax Fri, 03 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300559