https://www.taxtmi.com/caselaws?id=238378 The Tribunal ruled in favor of the assessee, a Builders and Developer, upholding the validity of the project completion method of accounting over the percentage completion method. It emphasized the importance of consistency in accounting practices and rejected the revenue's attempt to change the method without just cause. The decision highlighted the assessee's right to choose an accepted accounting method and the revenue's obligation to respect that choice. en-us Fri, 04 Oct 2013 00:00:00 +0530 Mon, 21 Oct 2013 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238378 The Tribunal ruled in favor of the assessee, a Builders and Developer, upholding the validity of the project completion method of accounting over the percentage completion method. It emphasized the importance of consistency in accounting practices and rejected the revenue's attempt to change the method without just cause. The decision highlighted the assessee's right to choose an accepted accounting method and the revenue's obligation to respect that choice. Case-Laws Income Tax Fri, 04 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238378