https://www.taxtmi.com/caselaws?id=800662 Under the project-completion method, income from sale of flats, including survey-disclosed on-money, accrues when sale deeds are executed and title transfers, not when advance consideration is received. On-money consistently offered in the respective registration years, including amounts covered by undertakings for subsequent years, receives corresponding treatment. Sustained additions require limited verification: amounts taxed in the relevant subsequent years must be deleted, while unoffered amounts may be assessed in the year under review, with no deferral beyond the undertaking period. en-us Thu, 01 Oct 2026 00:00:00 +0530 Fri, 09 Oct 2026 08:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800662 Under the project-completion method, income from sale of flats, including survey-disclosed on-money, accrues when sale deeds are executed and title transfers, not when advance consideration is received. On-money consistently offered in the respective registration years, including amounts covered by undertakings for subsequent years, receives corresponding treatment. Sustained additions require limited verification: amounts taxed in the relevant subsequent years must be deleted, while unoffered amounts may be assessed in the year under review, with no deferral beyond the undertaking period. Case-Laws Income Tax Thu, 01 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800662