https://www.taxtmi.com/caselaws?id=772278 Tribunal decision in tax appeal concerning developer's income. The tribunal deleted an addition of Rs. 3,96,00,000/- made by the Assessing Officer, finding the amount was part of project sale proceeds and not unexplained income. The decision relied on prior appellate orders in the assessee's case, confirming the developer's accounting under Percentage of Completion Method. The Commissioner of Income Tax's confirmation was set aside, and the appeal was allowed for statistical purposes. en-us Wed, 28 May 2025 00:00:00 +0530 Fri, 06 Jun 2025 08:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772278 Tribunal decision in tax appeal concerning developer's income. The tribunal deleted an addition of Rs. 3,96,00,000/- made by the Assessing Officer, finding the amount was part of project sale proceeds and not unexplained income. The decision relied on prior appellate orders in the assessee's case, confirming the developer's accounting under Percentage of Completion Method. The Commissioner of Income Tax's confirmation was set aside, and the appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 28 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772278