https://www.taxtmi.com/caselaws?id=239544 The Tribunal allowed both appeals of the assessee, setting aside the decisions of the Ld. CIT (Appeals) and the Assessing Officer. The Tribunal upheld the assessee's use of the project completion method over the percentage completion method, citing Supreme Court precedents. The rejection of audited figures of loss and denial of deduction under section 80IB were also overturned. Penalty proceedings under section 271AAA were deemed infructuous. en-us Thu, 25 Apr 2013 00:00:00 +0530 Sat, 16 Nov 2013 08:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239544 The Tribunal allowed both appeals of the assessee, setting aside the decisions of the Ld. CIT (Appeals) and the Assessing Officer. The Tribunal upheld the assessee's use of the project completion method over the percentage completion method, citing Supreme Court precedents. The rejection of audited figures of loss and denial of deduction under section 80IB were also overturned. Penalty proceedings under section 271AAA were deemed infructuous. Case-Laws Income Tax Thu, 25 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239544