M/S. Salarpuria Simplex Dwellings Llp, ... vs Acit, Circle - 40, Kolkata on 29 May, 2020
Tribunal accepted assessee's contention that since firm was following Project
Completion Method for offering income to tax, same would be subjected to tax upon
completion of sale, though amount may have been received earlier from buyer [In
favour of assessee]
ITO v. Matushree Builders & Developers - ITA No. 2652IMum/2016 dt. 29.11.2017
Haware Infrastructure Pvt. Ltd. v. ACIT - ITA No. 2642IMum/2012 dt. 4.10.2013
DCIT v. Friends Buildtech & Developers Pvt. Ltd. - ITA No. 2102/Del/2012 dt.
11.3.2016
Prestige
stige Estate Projects Pvt. Ltd. v. DCIT (2010) 129 TTJ 680 (Bang.)
Hence, as observed above, I hereby conclude that the questions No. 1 & 2 so framed
by me goes in favour of the appellant and the AO's action in such respect is rejected."