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booking of plots, the assessee has apportioned the cash receipt as per POCM and taken in the income in proportion to the completion of construction ... relates. ii) These cash receipts will not be apportioned as per the POCM method as these are unexplained income to be taxed in the year

ruled out. The Assessing Officer ultimately held and calculated the difference in POCM based on the budgeted cost and the payments made to EMLL. Nowhere ... accepted. This reduction in estimated expenditure consequently resulted in working of POCM at 69.32% instead of 57.40%. This resulted in the absolute figure

assessment order goes to show that AO applied Percentage Completion Method (POCM) on work-in-progress of Rs.13.15 crores declared by the assessee