https://www.taxtmi.com/caselaws?id=470934 Customer advances relating to completed real-estate projects should not be taxed again where revenue was consistently recognised on execution of sale deeds and had already been offered to tax in earlier years. Section 43CB, effective from 1 April 2017, does not apply to projects commenced before 2011. Subject to verification that revenue from the relevant projects was previously taxed, adding outstanding customer advances would constitute impermissible double taxation and the addition should be deleted. en-us Fri, 28 Mar 2025 00:00:00 +0530 Fri, 14 Aug 2026 07:13:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470934 Customer advances relating to completed real-estate projects should not be taxed again where revenue was consistently recognised on execution of sale deeds and had already been offered to tax in earlier years. Section 43CB, effective from 1 April 2017, does not apply to projects commenced before 2011. Subject to verification that revenue from the relevant projects was previously taxed, adding outstanding customer advances would constitute impermissible double taxation and the addition should be deleted. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470934