https://www.taxtmi.com/highlights?id=70523 Revision u/s 263 - Receipts against sale of plots - Mismatch between the amount disclosed by the assessee and amount shown as per 26AS - Method of accounting - When all the receipts are duly reflected in the subsequent A.Ys by following the percentage completion method. The view of the AO is a plausible view and merely because the PCIT holds a different view, then that of the AO this cannot be a ground to cancel the order of the AO being erroneous and prejudicial to the interest of Revenue. - AT en-us Fri, 23 Jun 2023 09:46:59 +0530 Fri, 23 Jun 2023 09:46:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70523 Revision u/s 263 - Receipts against sale of plots - Mismatch between the amount disclosed by the assessee and amount shown as per 26AS - Method of accounting - When all the receipts are duly reflected in the subsequent A.Ys by following the percentage completion method. The view of the AO is a plausible view and merely because the PCIT holds a different view, then that of the AO this cannot be a ground to cancel the order of the AO being erroneous and prejudicial to the interest of Revenue. - AT Highlights Income Tax Fri, 23 Jun 2023 09:46:59 +0530 https://www.taxtmi.com/highlights?id=70523