Case Law Details
Case Name : The Asst. Commissioner of Income Tax Vs. Skylark Build (ITAT Mumbai )
Appeal Number : ITA No. 4307/Mum/2009
Date of Judgement/Order : 12/07/2011
Related Assessment Year : 2006- 07
Courts :
All ITAT ITAT Mumbai
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ACIT Vs M/s Skylark Build (ITAT Mumbai)– Approach adopted by the Assessing Officer for assessing the income from TDR independently without deducting the expenses incurred is not justified. The assessee has been following project completion method which is an accepted method of accounting
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