https://www.taxtmi.com/caselaws?id=437126 Expenses claimed for real estate projects assessed under the percentage completion method were not finally upheld because the appellate finding on deletion of disallowance rested on incorrect or incomplete facts, including a mistaken assumption about the remand report and the project record. The Tribunal treated the factual basis as unreliable for a conclusive determination and restored the issue for fresh adjudication by the Commissioner (Appeals) on the correct record and after considering the necessary evidence. The disallowance question was therefore reopened rather than conclusively decided on the merits. en-us Thu, 19 Jan 2023 00:00:00 +0530 Fri, 28 Apr 2023 08:40:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437126 Expenses claimed for real estate projects assessed under the percentage completion method were not finally upheld because the appellate finding on deletion of disallowance rested on incorrect or incomplete facts, including a mistaken assumption about the remand report and the project record. The Tribunal treated the factual basis as unreliable for a conclusive determination and restored the issue for fresh adjudication by the Commissioner (Appeals) on the correct record and after considering the necessary evidence. The disallowance question was therefore reopened rather than conclusively decided on the merits. Case-Laws Income Tax Thu, 19 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437126