https://www.taxtmi.com/caselaws?id=468847 Project income under the Project Completion Method must be determined on verified facts, including the actual year of receipt, sale agreements, TDR cost and related expenditure; the Tribunal therefore restored the matter for de novo verification. Cash expenditure disallowed under section 40A(3) also required fresh examination because the assessee's claim that the payments fell within Rule 6DD exceptions had not been properly tested on evidence. Both issues were sent back to the Assessing Officer for fresh adjudication after giving the assessee an opportunity to substantiate its claims. en-us Tue, 11 Feb 2025 00:00:00 +0530 Fri, 22 May 2026 19:11:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468847 Project income under the Project Completion Method must be determined on verified facts, including the actual year of receipt, sale agreements, TDR cost and related expenditure; the Tribunal therefore restored the matter for de novo verification. Cash expenditure disallowed under section 40A(3) also required fresh examination because the assessee's claim that the payments fell within Rule 6DD exceptions had not been properly tested on evidence. Both issues were sent back to the Assessing Officer for fresh adjudication after giving the assessee an opportunity to substantiate its claims. Case-Laws Income Tax Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468847