method of computing the income of real estate business from
Percentage of Completion Method (POCM) to Completed Contract
Method (CCM).
9. Assessee claim deduction ... accounting, the revenue of a project is recognized based
upon the percentage completion achieved at the end of the financial
year. The total income under
head Profits &
gains of business or profession based on percentage completion
method for income arising from revenue sharing from JDA and
secondly ... found that the developer M/s.
Purvankara Projects Ltd was adopting percentage completion
ITA Nos.759 to 761/Bang/2025
M/s. Anushka Estates, Bangalore
head Profits &
gains of business or profession based on percentage completion
method for income arising from revenue sharing from JDA and
secondly ... found that the developer M/s.
Purvankara Projects Ltd was adopting percentage completion
ITA Nos.759 to 761/Bang/2025
M/s. Anushka Estates, Bangalore
head Profits &
gains of business or profession based on percentage completion
method for income arising from revenue sharing from JDA and
secondly ... found that the developer M/s.
Purvankara Projects Ltd was adopting percentage completion
ITA Nos.759 to 761/Bang/2025
M/s. Anushka Estates, Bangalore
head Profits &
gains of business or profession based on percentage completion
method for income arising from revenue sharing from JDA and
secondly ... found that the developer M/s.
Purvankara Projects Ltd was adopting percentage completion
ITA Nos.759 to 761/Bang/2025
M/s. Anushka Estates, Bangalore
head Profits &
gains of business or profession based on percentage completion
method for income arising from revenue sharing from JDA and
secondly ... found that the developer M/s.
Purvankara Projects Ltd was adopting percentage completion
ITA Nos.759 to 761/Bang/2025
M/s. Anushka Estates, Bangalore
head Profits &
gains of business or profession based on percentage completion
method for income arising from revenue sharing from JDA and
secondly ... found that the developer M/s.
Purvankara Projects Ltd was adopting percentage completion
ITA Nos.759 to 761/Bang/2025
M/s. Anushka Estates, Bangalore
head Profits &
gains of business or profession based on percentage completion
method for income arising from revenue sharing from JDA and
secondly ... found that the developer M/s.
Purvankara Projects Ltd was adopting percentage completion
ITA Nos.759 to 761/Bang/2025
M/s. Anushka Estates, Bangalore
contention was not
accepted by the Assessing Officer and held that percentage
completion method is to be adopted in the assessee's case since ... adopting project completion method or
completed contract method, which was not proper and profits of business
should be computed on basis of percentage completion method
facts and circumstances of the case, the
revenue recognition under percentage completion method
should commence in that previous year when expenses reach
25% against ... facts and circumstances of the case, the
revenue recognition under percentage completion method
should commence in that previous year when expenses reach
25% against
