https://www.taxtmi.com/caselaws?id=431230 The Tribunal dismissed the revenue's appeals, confirming the land as a fixed asset and income recognition under the project completion method. Proceedings under Section 153C were deemed invalid due to non-compliance and lack of incriminating material. Legal issues raised by the assessee were referred back to the CIT(A). Revenue appeals were dismissed, and cross-objections by the assessee were partly allowed for statistical purposes. en-us Mon, 07 Nov 2022 00:00:00 +0530 Thu, 08 Dec 2022 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431230 The Tribunal dismissed the revenue's appeals, confirming the land as a fixed asset and income recognition under the project completion method. Proceedings under Section 153C were deemed invalid due to non-compliance and lack of incriminating material. Legal issues raised by the assessee were referred back to the CIT(A). Revenue appeals were dismissed, and cross-objections by the assessee were partly allowed for statistical purposes. Case-Laws Income Tax Mon, 07 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431230