Case Law Details
CIT Vs Jalaram Jagruti Development Pvt. Ltd. (Bombay High Court)
It was held by ITAT that receipts in question cannot be brought to tax in A.Y. 2003-04 to 2005-06. These receipts have already been accounted for in the books of account and can be taxed only in the year in which project is complete as Assessee follows project completion method of accounting and income from the project is already been offered for tax.
It was held, the receipts in question cannot be brought to tax in A.Y. 2003-04. These receipts have already been accounted for in the books of account can be taxed only in the year in which project is complete and income from the project is offered for tax.
FULL TEXT OF THE HIGH COURT ORDER /JUDGEMENT
1.The only question pressed in this appeal by the Revenue against the order of the ITAT dated 28/04/2009 reads thus:-
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