https://www.taxtmi.com/caselaws?id=441236 The Commissioner of Income-tax (Appeals) correctly deleted the addition of Rs. 8,72,05,981 made by the Assessing Officer on account of amounts recoverable from members of Nandadeep CHS. The CIT(A) verified the details submitted by the assessee, found proper accounting of receipts, and deleted the disallowance. The ITAT upheld this decision, confirming that the assessee appropriately claimed construction costs and accounted for project revenue, leading to the dismissal of the Revenue's appeal. en-us Wed, 24 May 2023 00:00:00 +0530 Fri, 04 Aug 2023 07:49:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441236 The Commissioner of Income-tax (Appeals) correctly deleted the addition of Rs. 8,72,05,981 made by the Assessing Officer on account of amounts recoverable from members of Nandadeep CHS. The CIT(A) verified the details submitted by the assessee, found proper accounting of receipts, and deleted the disallowance. The ITAT upheld this decision, confirming that the assessee appropriately claimed construction costs and accounted for project revenue, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Wed, 24 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441236