Can Income Tax Department Tax the Entire On-Money Received by a Builder in the Year of Receipt? ITAT Mumbai Says No! ITAT Mumbai Allows Project Completion Method, Permits Telescoping of ₹42.44 Crore and Deletes Interest Disallowance Case: DCIT v. Sumer Builders Appeal Nos.: ITA Nos. 4915 & 5130/Mum/2016 Assessment Year: 2011-12 Order Date:…
The post Can Income Tax Department Tax the Entire On-Money Received by a Builder in the Year of Receipt? ITAT Mumbai Says No! appeared first on The Tax Talk.
