In course of search, note book and lose paper were found and seized. The assessee did not offer the unaccounted cash receipts as found recorded in the seized documents. The Assessee followed project completion method of accounting and offered it to tax in the year of completion of project. The  Tribunal  held that
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.  Order of the Tribunal is up held by the High Court . (  ITA No.5121-23/Mum/08 dt. 28 4 -2009 9 (Mum) (Tri) (AY 2003-04 to 2005-06) (ITA No 4104 of 2009 dt 22-11-2020)

https://itatonline.org/digest/wp-content/uploads/2020/10/Jalaram-Jagruti-Developers-HC-ITAT.pdf