{"id":36794,"date":"2023-09-05T13:21:04","date_gmt":"2023-09-05T07:51:04","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-d-d-resorts-pvt-ltd-202295-itr-1-sndelhi-trib\/"},"modified":"2023-09-05T13:21:04","modified_gmt":"2023-09-05T07:51:04","slug":"acit-v-d-d-resorts-pvt-ltd-202295-itr-1-sndelhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-d-d-resorts-pvt-ltd-202295-itr-1-sndelhi-trib\/","title":{"rendered":"ACIT v. D. D. Resorts Pvt. Ltd. (2022)95 ITR 1 (SN(Delhi) (Trib)"},"content":{"rendered":"<p>Dismissing the appeal the Tribunal held\u00a0 that the assessee had followed a well-recognised method of accounting following a notified accounting standard under section\u00a0145\u00a0of the Act. Recognizing income at time of\u00a0 delivery of possession to customer. Applying the percentage method of accounting is not justified. (AY.2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 145 : Method of accounting-Real estate development business&#8211;Recognizing income at time of  delivery of possession to customer-Applying the percentage method of accounting is not justified. <\/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-36794","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9zs","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36794","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=36794"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36794\/revisions"}],"predecessor-version":[{"id":36795,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36794\/revisions\/36795"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=36794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=36794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=36794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}