{"id":8345,"date":"2019-11-24T08:53:32","date_gmt":"2019-11-24T08:53:32","guid":{"rendered":"http:\/\/itatonline.org\/digest\/ito-v-shanti-construction-2019-73-itr-115-201-ttj-41-uo-agratrib-www-itatonline-org\/"},"modified":"2019-11-24T08:53:32","modified_gmt":"2019-11-24T08:53:32","slug":"ito-v-shanti-construction-2019-73-itr-115-201-ttj-41-uo-agratrib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-v-shanti-construction-2019-73-itr-115-201-ttj-41-uo-agratrib-www-itatonline-org\/","title":{"rendered":"ITO v. Shanti Construction (2019) 73 ITR 115\/ 201 TTJ 41 (UO) (Agra)(Trib.)www.itatonline.org"},"content":{"rendered":"<p><strong>Dismissing the appeal of the revenue the Court held that ; Dept&#8217;s argument that assessee should have declared profit on percentage completion method because according to AS-7, revised in 2002 with effect from 01.04.2003, the &#8216;Completed Contract method&#8217; has been scrapped &amp; ICAI guidelines prefer the percentage completion method is not acceptable . Project completion method s held to be valid .<\/strong> Deletion of addition in respect of advance received from customers is held to be valid .( ITA No. 289\/Agra\/2017, dt. 16.05.2019)(AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 145: Method of accounting -Project Completion Method-Percentage Completion Method-  Project completion method is held to be valid- Deletion of addition in respect of advance received from customers is held to be valid  . [ S.145(3) ]<\/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":[1],"tags":[],"class_list":["post-8345","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2aB","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8345","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=8345"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8345\/revisions"}],"predecessor-version":[{"id":8346,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8345\/revisions\/8346"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}