https://www.taxtmi.com/caselaws?id=781825 ITAT Jabalpur set aside the order of CIT(A) regarding addition made by applying Sec. 43CB for revenue recognition in a real estate project. Relying on precedent holding that Sec. 43CB applies to construction and service contracts, not necessarily to real estate developers selling self-constructed properties, the Tribunal found that CIT(A) had not properly examined the legal and factual aspects, including ICDS-3 and the project's commencement date. The matter was remanded to CIT(A) to enquire into the project's nature and timelines and freshly determine the applicability of Sec. 43CB. en-us Wed, 24 Sep 2025 00:00:00 +0530 Fri, 21 Nov 2025 08:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781825 ITAT Jabalpur set aside the order of CIT(A) regarding addition made by applying Sec. 43CB for revenue recognition in a real estate project. Relying on precedent holding that Sec. 43CB applies to construction and service contracts, not necessarily to real estate developers selling self-constructed properties, the Tribunal found that CIT(A) had not properly examined the legal and factual aspects, including ICDS-3 and the project's commencement date. The matter was remanded to CIT(A) to enquire into the project's nature and timelines and freshly determine the applicability of Sec. 43CB. Case-Laws Income Tax Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781825