PCIT Vs Burdwan Development Authority (Calcutta high court)
Date-1st August 2022
Sub-Whether project completion method followed by the assessee was in accordance with law and thus no interference was called for?

The division bench of Calcutta High Court in this short judgement refused to to interfere when the Principal commissioner challenged the relief granted by the ITAT by holding that the amount of Rs 4.90 crores was taxable on project completion method and not on the basis of accrual. The judgement though very short , will be helpful in similar matters.

Ramesh Patodia
05-08-2022