{"id":44842,"date":"2024-08-01T12:32:18","date_gmt":"2024-08-01T07:02:18","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-dwarkhadhis-buildwell-p-ltd-2023106-itr-64-sndelhi-trib\/"},"modified":"2024-08-01T12:32:18","modified_gmt":"2024-08-01T07:02:18","slug":"dy-cit-v-dwarkhadhis-buildwell-p-ltd-2023106-itr-64-sndelhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-dwarkhadhis-buildwell-p-ltd-2023106-itr-64-sndelhi-trib\/","title":{"rendered":"Dy. CIT v. Dwarkhadhis Buildwell P. Ltd. (2023)106 ITR 64 (SN)(Delhi) (Trib)"},"content":{"rendered":"<p>Held that prior to the assessment year\u00a02014-15\u00a0, in the case of all previous years, assessments in the case of the assessee had been framed after thorough scrutiny and the method of accounting had been accepted by the Assessing Officer. The rule of consistency squarely applied. That the Accounting Standard Guidance Note had not been notified by the Central Government for the purpose of section\u00a0145(2)\u00a0of the\u00a0Income-tax Act, 1961\u00a0. Therefore, no adverse inference could be drawn. There was no reason to interfere with the findings of the Commissioner (Appeals) Followed\u00a0 CIT v. Excel Industries L td(2013) 358 ITR 295 (SC) .\u00a0 (AY.2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 145 : Method of accounting-Builder-Rule of  consistency followed-Percentage of completion method-Accounting Standard Guidance note not notified by Central Government-Assessing Officer not right in recomputing profitability of  Assessee. [ S. 145(2) ]  <\/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-44842","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bFg","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44842","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=44842"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44842\/revisions"}],"predecessor-version":[{"id":44843,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44842\/revisions\/44843"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=44842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=44842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=44842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}