https://www.taxtmi.com/caselaws?id=785125 Real estate taxation and accounting issues addressed: advances received in cash were held to be taxable only on project completion where the assessee consistently followed the project completion method, and the AO was unjustified in applying percentage completion for projects commenced before 1 April 2016; unexplained payments additions were deleted where corresponding purchaser additions were removed and statements were not furnished, invoking natural justice; interest disallowance was deleted on presumption that interest-free advances were out of own funds; deemed rental income on unsold units was sustained; reassessment based on audit objection was validated; TDS disallowance was remanded for verification of payee returns; unexplained cash credit additions were not applicable to opening balances brought forward. en-us Wed, 14 Jan 2026 00:00:00 +0530 Sat, 17 Jan 2026 08:45:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785125 Real estate taxation and accounting issues addressed: advances received in cash were held to be taxable only on project completion where the assessee consistently followed the project completion method, and the AO was unjustified in applying percentage completion for projects commenced before 1 April 2016; unexplained payments additions were deleted where corresponding purchaser additions were removed and statements were not furnished, invoking natural justice; interest disallowance was deleted on presumption that interest-free advances were out of own funds; deemed rental income on unsold units was sustained; reassessment based on audit objection was validated; TDS disallowance was remanded for verification of payee returns; unexplained cash credit additions were not applicable to opening balances brought forward. Case-Laws Income Tax Wed, 14 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785125