KUMAR URBAN DEVELOPMENT PVT. LTD (SUCCESSOR KUMAR HOUSING CORPORATION PVT LTD),PUNE vs. DCIT CIRCLE 14, PUNE
In the result, both the appeals filed by the assessee are allowed and the
ITA 2874/PUN/2024[2014-15]Status: DisposedITAT Pune18 Aug 2025AY 2014-15
Bench: Shri R. K. Panda & Ms. Astha Chandra
For Appellant: Shri Nikhil S PathakFor Respondent: Shri Ramnath P Murkunde
Section 143(2)Section 32Section 36(1)(iii)
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
