Revenue Appeals Fail as No Transfer of Risk and Reward Before Completion

DCIT Vs Anushka Estates (ITAT Bangalore) Landowner under JDA Can Follow Project Completion Method; Revenue Can’t Force % Completion – ITAT Bangalore The Bangalore Bench of the ITAT, in DCIT vs. M/s. Anushka Estates & DCIT vs. M/s. Anushka Realty Inc. (ITA Nos. 759–761 & 779–782/Bang/2025; AYs 2016-17, 2018-19 & 2019-20; order dated 19-12-2025), dismissed all seven appeals filed by the Revenue and upheld deletion of additions made by applying the percentage completion method on landowners under Joint Development Agreements (JDAs). The Tribunal held that the assessees were la...