Sec. 145(3) and assessment U/Sec. 143(3) of the Act.

The appellant is an Association of Person engaged in the business as builder and developer. Search action was conducted in the case of  Group of cases on in the Aug 2016. A Notice u/s 153A was issued and duly served upon the assessee requiring the asseeseee to file return of income including undisclosed income. The appellant e-filed the return of income for A.Y.2015-16 . The assessee was developing a single project and the developer claimed to be following completed contract method of accounting for the purpose of revenue recognition. During the course of hearing various details were called for and…

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