https://www.taxtmi.com/caselaws?id=440191 The Tribunal dismissed ground no. 2, emphasizing that the limited scrutiny was not restricted to verifying the adoption of the Percentage Completion Method but also included how the method was applied in accounting for real estate transactions. Ground no. 3 was partially allowed, directing the AO to examine and verify the revised working of revenue recognition and closing stock. The appeal was partly allowed for statistical purposes. en-us Wed, 05 Jul 2023 00:00:00 +0530 Wed, 12 Jul 2023 10:26:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440191 The Tribunal dismissed ground no. 2, emphasizing that the limited scrutiny was not restricted to verifying the adoption of the Percentage Completion Method but also included how the method was applied in accounting for real estate transactions. Ground no. 3 was partially allowed, directing the AO to examine and verify the revised working of revenue recognition and closing stock. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 05 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440191