ASHIANA BUILDPROP PRIVATE LIMITED,UDAIPUR vs. DCIT, CENTRAL CIRCLE-1 UDAIPUR, UDAIPUR

In the result, appeals of the assessee are partly allowed

purchased flats from the company but\nthe transactions mentioned in this ledger accounts were not executed with the company.\nThis is again avoiding tactics even when the assessee company has been caught with the\nevidences of cash transaction. There is cash transaction as recorded on these documents\nwith the flat purchasers, which is proved from these documents. The assessee company

ASHIANA BUILDPROP PRIVATE LIMITED,UDAIPUR vs. DCIT- CENTRAL CIRCLE-1 UDIAPUR, UDAIPUE

Revised 2012)} for your ready reference. (PB….) Kindly refer\nClause(d) of sub-para 9.2. under the main head Disclosure para -9 duly highlighted.\nAs the assessee company has adopted the POC method which is the only correct method\nfor income tax purposes considering the various terms and conditions and facts of the\ncase for such recognition of revenue. Hence