https://www.taxtmi.com/caselaws?id=258558 The Tribunal upheld the CIT(A)'s decision to delete additions of Rs. 7,10,94,646 and Rs. 1,46,25,071. It found the A.O.'s application of the percentage of completion method and adoption of circle rates unjustified, as the methods were not mandatory or supported by valid grounds. The Tribunal referenced case law to support the CIT(A)'s reasoning, ultimately dismissing the Revenue's appeal. The decision was rendered on 31.03.2015. en-us Tue, 31 Mar 2015 00:00:00 +0530 Tue, 14 Apr 2015 00:35:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258558 The Tribunal upheld the CIT(A)'s decision to delete additions of Rs. 7,10,94,646 and Rs. 1,46,25,071. It found the A.O.'s application of the percentage of completion method and adoption of circle rates unjustified, as the methods were not mandatory or supported by valid grounds. The Tribunal referenced case law to support the CIT(A)'s reasoning, ultimately dismissing the Revenue's appeal. The decision was rendered on 31.03.2015. Case-Laws Income Tax Tue, 31 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258558