https://www.taxtmi.com/highlights?id=64579 Revision u/s 263 - Error in computing capital WIP - vis a vis the issue of accounting for income by the assessee whether in accordance with the Guidelines of the ICAI, we find that there is no error in the order of the AO who had accepted the method followed by the assessee, i.e Project Completion, on being demonstrated that it was in accordance with the Guidelines issued by the ICAI, which fact has not been controverted by the Ld.PCIT when demonstrated to him also during revisionary proceedings. - Revision order set aside - AT en-us Tue, 12 Jul 2022 12:37:25 +0530 Tue, 12 Jul 2022 12:37:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64579 Revision u/s 263 - Error in computing capital WIP - vis a vis the issue of accounting for income by the assessee whether in accordance with the Guidelines of the ICAI, we find that there is no error in the order of the AO who had accepted the method followed by the assessee, i.e Project Completion, on being demonstrated that it was in accordance with the Guidelines issued by the ICAI, which fact has not been controverted by the Ld.PCIT when demonstrated to him also during revisionary proceedings. - Revision order set aside - AT Highlights Income Tax Tue, 12 Jul 2022 12:37:25 +0530 https://www.taxtmi.com/highlights?id=64579