{"id":44680,"date":"2024-07-27T17:34:19","date_gmt":"2024-07-27T12:04:19","guid":{"rendered":"https:\/\/itatonline.org\/digest\/angelica-properties-p-ltd-v-add-cit-2023105-itr-442-pune-trib-vason-engineers-ltd-v-add-cit-2023105-itr-442-pune-trib-2\/"},"modified":"2024-07-27T17:34:19","modified_gmt":"2024-07-27T12:04:19","slug":"angelica-properties-p-ltd-v-add-cit-2023105-itr-442-pune-trib-vason-engineers-ltd-v-add-cit-2023105-itr-442-pune-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/angelica-properties-p-ltd-v-add-cit-2023105-itr-442-pune-trib-vason-engineers-ltd-v-add-cit-2023105-itr-442-pune-trib-2\/","title":{"rendered":"Angelica Properties P. Ltd. v. Add. CIT (2023)105 ITR 442 (Pune) (Trib) Vason Engineers Ltd v. Add. CIT (2023)105 ITR 442 (Pune) (Trib)"},"content":{"rendered":"<p>Assessee a developer. Agreement for construction of\u00a0 hotel building and sale. Assessee offering income based on percentage completion method. 39.89 Per Cent. of\u00a0 work completed and 39.89 Per Cent. of\u00a0 contract value offered as revenue on reduced contract value. Tribunal held that reduction in cost by registered deed because assessee could not complete construction within time and purchaser deciding to complete remaining construction itself.\u00a0\u00a0 Assessing Officer is directed to\u00a0\u00a0 recalculate revenue taking into consideration reduced cost.<em>(<\/em>AY.\u00a0 2010-11, 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 145  :  Method of accounting-Percentage completion method-Matter remanded. <\/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-44680","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bCE","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44680","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=44680"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44680\/revisions"}],"predecessor-version":[{"id":44681,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44680\/revisions\/44681"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=44680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=44680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=44680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}