Section 43CB excludes self-developed projects undertaken and sold at the developer's own commercial risk, preserving project-completion accounting.

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....Section 43CB applies to construction or service contracts, not to self-developed real estate projects undertaken and sold at the developer's own commercial risk. A consistently followed Project Completion Method may continue where the project predates the ICDS-III transitional cut-off and has been accepted in other assessments; the addition under section 43CB was therefore unsustainable. Under the Percentage Completion Method, recognised revenue must match related costs and reflect work performed during the year; using cumulative costs and advances against only current-year expenditure distorted income. Enhancement by treating capitalised work-in-progress as income also requires prior reasonable opportunity to show cause, and capitalised finance, administrative and sales costs do not alone establish accrued revenue.....