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![ITAT quashes PCIT Directions on TDS under Section 194J and Closing Stock Valuation [Read Order]](https://images.taxscan.in/h-upload/2025/06/26/500x300_2054702-closing-stock-valuation-tds-pcit-directions-taxscan.webp "ITAT quashes PCIT Directions on TDS under Section 194J and Closing Stock Valuation [Read Order]")
ITAT quashes PCIT Directions on TDS under Section 194J and Closing Stock Valuation [Read Order]
In partial relief to an assessee, the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has quashed two major directions issued by the...
![Percentage completion method of Revenue recognition Practised by Builder is acceptable as per Accounting Standard: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Revenue-recognition-Accounting-Standard-ITAT-taxscan.jpg "Percentage completion method of Revenue recognition Practised by Builder is acceptable as per Accounting Standard: ITAT [Read Order]")
![Advance received from Customer is Taxable since Builder following Percentage Completion Method of Accounting: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Builders-and-Developers.jpg "Advance received from Customer is Taxable since Builder following Percentage Completion Method of Accounting: ITAT [Read Order]")