{"id":8661,"date":"2019-12-18T11:28:08","date_gmt":"2019-12-18T11:28:08","guid":{"rendered":"http:\/\/itatonline.org\/digest\/dy-cit-v-stewarts-and-lloyds-of-india-ltd-2019-74-itr-677-kol-trib-4\/"},"modified":"2019-12-18T11:28:08","modified_gmt":"2019-12-18T11:28:08","slug":"dy-cit-v-stewarts-and-lloyds-of-india-ltd-2019-74-itr-677-kol-trib-4","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-stewarts-and-lloyds-of-india-ltd-2019-74-itr-677-kol-trib-4\/","title":{"rendered":"Dy.  CIT v.  Stewarts and Lloyds of India Ltd.  (2019) 74 ITR 677 (Kol.)(Trib.)"},"content":{"rendered":"<p>The amount of unbilled sales if represents revenue booked in the accounts on the percentage completion method for incomplete contracts at the end of the year and corresponding expenditure incurred in relation to the unbilled sales including subcontract charges is also provided for in the accounts and this method is followed by the assessee consistently in the earlier years then the claim of the assessee is allowable. \u00a0(AY. \u00a02004-05)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 145 : Method of accounting\u2013Percentage completion method\u2013 Corresponding expenditure incurred in relation to unbilled sales\u2013Sales include sub contract charges-Provision to be made\u2013Rule of constancy to be followed.<\/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-8661","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2fH","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8661","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=8661"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8661\/revisions"}],"predecessor-version":[{"id":8662,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8661\/revisions\/8662"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}