TMI BlogRevision u/s 263 - Income recognition method - PCIT cannot direct the AO for denovo assessment without...Revision u/s 263 - Income recognition method - PCIT cannot direct the AO for denovo assessment without assigning any defects or deficiencies in the method of accounting of revenue recognition on account of sale of flats/residential units/land and regarding non-applicability of AS-7 as contended by ld counsel for the assessee during the proceedings u/s 263. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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