https://www.taxtmi.com/caselaws?id=794307 A consistently accepted Project Completion Method for real estate revenue recognition could not be displaced by the Percentage of Completion Method in the absence of rejection of books under section 145(3) or any shown distortion of true profits, so the income addition failed. Disallowance under section 40(a)(ia) on advertisement was unsustainable where payments were below the TDS threshold under section 194C or the recipients had already offered the income to tax, so it was deleted. Conveyance expenses were also allowed because no specific non-business defect was identified and the disallowance rested on suspicion rather than concrete evidence. en-us Mon, 29 Jun 2026 00:00:00 +0530 Wed, 08 Jul 2026 12:39:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794307 A consistently accepted Project Completion Method for real estate revenue recognition could not be displaced by the Percentage of Completion Method in the absence of rejection of books under section 145(3) or any shown distortion of true profits, so the income addition failed. Disallowance under section 40(a)(ia) on advertisement was unsustainable where payments were below the TDS threshold under section 194C or the recipients had already offered the income to tax, so it was deleted. Conveyance expenses were also allowed because no specific non-business defect was identified and the disallowance rested on suspicion rather than concrete evidence. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794307