https://www.taxtmi.com/caselaws?id=783800 Whether s. 43CB mandates the percentage completion method for a real-estate business for estimating business profit and sustaining consequential additions for estimated business income and deemed rental income was the dominant issue. The Tribunal held that the first appellate authority correctly applied s. 43CB and, relying on prior ITAT precedent, treated the percentage completion method as applicable to real-estate activity; in the absence of any new facts or material to rebut those findings, there was no basis to disturb the appellate order. The appeal was dismissed and the additions were sustained. en-us Thu, 04 Dec 2025 00:00:00 +0530 Tue, 23 Dec 2025 07:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783800 Whether s. 43CB mandates the percentage completion method for a real-estate business for estimating business profit and sustaining consequential additions for estimated business income and deemed rental income was the dominant issue. The Tribunal held that the first appellate authority correctly applied s. 43CB and, relying on prior ITAT precedent, treated the percentage completion method as applicable to real-estate activity; in the absence of any new facts or material to rebut those findings, there was no basis to disturb the appellate order. The appeal was dismissed and the additions were sustained. Case-Laws Income Tax Thu, 04 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783800