In the result, both the appeals filed by the assessee are allowed and the appeal filed by the Revenue is dismissed
Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2013-14
property does not arise. Even if it were received, in excess of the revenue already recognized in the yester years, the same should be automatically converted into revenue for the year and added to the taxable income for the A.Y. 2013-14 since as per your own statement, the project "CEREBRUM B3" is 100% complete. Therefore, it may have