INCOME TAX : Assessee following percentage of completion method was required to produce a proper certification whether by in-house department of assessee or by an independent chartered engineer certifying percentage of work completed under contract, before Assessing Officer at time of assessment;
from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000198585/reassessment-justified-as-assessee-disclosed-percentage-of-work-completed-but-didn’t-produce-certificate-hc.aspx
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