accounting
methods. The completed contract method is one
such method. Similarly, the percentage ... completion method is another such method.
Under the completed contract method, the
revenue is not recognized until the contract is
complete. Under the said method
providing services shall be determined on the basis of percentage of completion method in accordance with the income computation and disclosure standards notified under ... basis of straight line method. (2) For the purposes of percentage of completion method, project completion method or straight line method referred
basis of percentage completion method. The
method as has been followed by the assessee, is neither project completion
method nor percentage completion method. Percentage completion ... this is not a
recognized method of recognizing the revenue. This method is neither project
completion method nor percentage of completion method. The method
adopted
providing services shall be determined on the basis of percentage of completion method in accordance with the income computation and disclosure standards notified under ... basis of straight line method. (2) For the purposes of percentage of completion method, project completion method or straight line method referred
accounting methods. The completed contract method is one
such method. Similarly, the percentage ... completion method
is another such method.
Under the completed contract method, the revenue is not
recognized until the contract is complete. Under the said
method
this is not a recognized method of recognizing the revenue. This
method is neither project completion method nor percentage of completion method. The
method adopted ... ultimate buyer i.e. the
completed contract method . According to CIT(A) project completion
method / completed contract method or percentage of completion
method
basis of percentage completion method. The
method as has been followed by the assessee, is neither project completion
method nor percentage completion method. Percentage completion ... this is not a
recognized method of recognizing the revenue. This method is neither project
completion method nor percentage of completion method. The method
adopted
basis of percentage completion method. The
method as has been followed by the assessee, is neither project completion
method nor percentage completion method. Percentage completion ... this is not a
recognized method of recognizing the revenue. This method is neither project
completion method nor percentage of completion method. The method
adopted
percentage completion
in the year under consideration based on 'percentage
method'. Whereas, according to the Revenue the capital gain should
have declared ... part completion. Part
completion is applicable for the income under Income"from Business and Profession'
in form of Percentage Completion Method where
succeeding financial years, based on AS-7 and the percentage
completion method. While passing the assessment order, the AO noted that the
assertion ... cash available on the other. Since the appellant was following percentage completion
method for revenue recognition as per the accounting standard
