{"id":52306,"date":"2025-03-24T12:36:45","date_gmt":"2025-03-24T07:06:45","guid":{"rendered":"https:\/\/itatonline.org\/digest\/mayfair-properties-v-dy-cit-2024115-itr-619-167-taxmann-com-397-koltrib\/"},"modified":"2025-03-24T12:36:45","modified_gmt":"2025-03-24T07:06:45","slug":"mayfair-properties-v-dy-cit-2024115-itr-619-167-taxmann-com-397-koltrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/mayfair-properties-v-dy-cit-2024115-itr-619-167-taxmann-com-397-koltrib\/","title":{"rendered":"Mayfair Properties v. Dy. CIT (2024)115 ITR 619\/ 167 taxmann.com 397 (Kol)(Trib)"},"content":{"rendered":"<p>Held that when the assessee is\u00a0 following the project-completion method,\u00a0 the action of the Assessing Officer in applying the percentage-completion method on the basis of the Income Computation and Disclosure Standards III by part-reading it and totally ignoring the transitional provisions therein, is not\u00a0 justified. Accordingly the\u00a0 addition is deleted.(AY. 2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 145 : Method of accounting-Construction business-Project-completion method of accounting-Addition of income on pending projects  applying the percentage competition method 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-52306","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dBE","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52306","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=52306"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52306\/revisions"}],"predecessor-version":[{"id":52307,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52306\/revisions\/52307"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=52306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=52306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=52306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}