{"id":26544,"date":"2022-04-20T17:51:30","date_gmt":"2022-04-20T12:21:30","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-prestige-estate-projects-pvt-ltd-2022-440-itr-343-karn-hc-2\/"},"modified":"2022-04-20T17:51:30","modified_gmt":"2022-04-20T12:21:30","slug":"cit-v-prestige-estate-projects-pvt-ltd-2022-440-itr-343-karn-hc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-prestige-estate-projects-pvt-ltd-2022-440-itr-343-karn-hc-2\/","title":{"rendered":"CIT v. Prestige Estate Projects Pvt Ltd (2022) 440 ITR 343 (Karn.) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that the assessee has changed the\u00a0\u00a0 method\u00a0 of accounting from project completion method to percentage completion method. The case was revenue neutral.\u00a0 Relied CIT v. Bilahari Investment Pvt Ltd (2008) 299 ITR 1(SC)\u00a0 (AY. 2005-06)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 145 : Method of accounting-Construction business-Change of method from project completion method to percentage completion method-Revenue neutral-Revised Accounting Standard 7-Held to be valid.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-26544","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6U8","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=26544"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26544\/revisions"}],"predecessor-version":[{"id":26545,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26544\/revisions\/26545"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=26544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=26544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}