ITAT Allows Project Completion Method Because AO Failed to Invoke Section 145(3)

Milan Theatres Private Limited Vs DCIT (ITAT Mumbai) Income Cannot Be Reworked on Sale Agreement Dates Because Section 145 Conditions Not Met; Without-Prejudice Computation Cannot Be Treated as Voluntary Surrender of Income; Capital Gains on Conversion Taxable in Year of Sale Because Section 45(2) Mandates Sequencing; Indexed Cost Must Include Capitalised Interest Because It Forms Part of Cost of Asset; Interest Disallowance Deleted Because No Nexus to Non-Business Purpose Established; TDS Credit Cannot Be Denied Merely for Year Mismatch Because Tax Was Deducted; Doctrine of Consistenc...