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Case Law Details

Case Name : Vastukar Township Pvt. Ltd Vs. DCIT (ITAT Jaipur)
Appeal Number : ITA No. 105/JP/2017
Date of Judgement/Order : 22/12/2017
Related Assessment Year : 2012-13
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Vastukar Township Pvt. Ltd Vs. DCIT (ITAT Jaipur)

The issue in dispute relates to recognition of revenue by the assessee, which has been categorized into two broad categories – revenues where the assessee has entered into registered sale deeds with the plot buyers and secondly, where certain advances have been received from the plot buyers, where the assessee is following percentage completion method of accounting.

The assessee is engaged in development of residenti

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