assessee also
submitted that the ld.CIT(A) did not apply Section 43CB of the Act in the present
case. The said section ... Accordingly, in terms of the statutory mandate of section 43CB of the Act, which
is applicable to the assessment year under appeal, recognition
Bsr Builders Engineers Contractors, ... vs Dcit, Cent. Circle-2(3), Chennai on 14 January, 2026
Dcit, Chennai vs Bsr Builders Engineers Contractors, ... on 14 January, 2026
आयकर अपीलीय अिधकरण, '
other hand, the ld. DR has submitted that the as per section
43CB of the Act inserted by the Finance ... taxed as per the above provisions. The
relevant provisions of section 43CB of the Act are reproduced as under:
Computation of income from construction
project
wise contract revenue, as per ICDS-III as mandated by
Sec.43CB r.w.s 145(2) of the Act. Further the assessee ... project wise contract revenue, as per ICDS-
III as mandated by Sec.43CB r.w.s 145(2) of the Act. Further
the assessee
course of assessment proceedings:
In this connection, the relevant portion of Section 43CB introduced with
effect from 01.04.2017 are relevant and are reproduced hereunder:
43CB ... accordance with the income
computation and disclosure standards notified under sub-section (2)
of section 145:
....
In terms of the newly introduced provision, the appellant
