TDS on unfinished work deductible post receipt of 100% revenue of project: ITAT Delhi

Ajay Enterprises Pvt Ltd Vs DCIT (ITAT Delhi)

ITAT Delhi on account of applicability of TDS provisions on unfinished work it is held that once assessee claims, while following percentage of completion method, at 100% of the revenue of project has been recognized it was incumbent to also account, expenditures by deducting TDS instead of making provisions.

Facts- The assessee had filed return of income of Rs.92,06,590 which was selected for complete scrutiny and during the course of assessment proceedings, AO had examined the expenses debited in regard to the

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