Builder & Percentage Completion Method

Recent Posts

• Income has escaped assessment is a pre-condition for re-opening the assessment and not a borrowed satisfaction from outside source
• Section 119(2)(b) Condonation of Delay: Who Has the Power to Grant Relief for Refunds and Section 80P Claims?
• Loans repaid in the subsequent assessment years – No addition u/s 68 can be made: ITAT Gauhati
• Section 269SS Not Attracted to One-Time Cash Sale Consideration: ITAT Chandigarh Clarifies the Law
• Tax Refund Delays: Not Always CPC’s Fault, Not Always Yours Either
• ITC Denial to Bona Fide Purchaser Solely Due to Retrospective Cancellation of Seller’s GST Registration – Supreme Court Issues Notice
• All orders in ‘E-Proceedings’ must be signed digitally: Manually signed Assessment Order held invalid by ITAT
• Rs. 5.37 Crore Refund Stuck for 8 Years: HC Reprimands Tax Dept. for Its Callous and Negligent Attitude
• CBDT chief urges tax officials to prepare for transition to new Income Tax Act
• Third-Party Chats, No Cash, No Admission: Section 69A Addition based on WhatsApp chats Struck Down