https://www.taxtmi.com/caselaws?id=271599 The court dismissed the appeals challenging the eligibility of the assessee for deduction under section 80 IB(10) of the Income Tax Act for Assessment Years 2005-2006 and 2006-2007. The court upheld the assessee's eligibility for the deduction based on the project approval date falling within the relevant judgment. Additionally, the court supported the assessee's use of the project completion method of accounting, emphasizing that it was a valid practice and the Assessing Officer did not find any faults in the chosen method. Consequently, both appeals were dismissed without costs awarded. en-us Mon, 18 Jan 2016 00:00:00 +0530 Wed, 10 Feb 2016 08:15:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271599 The court dismissed the appeals challenging the eligibility of the assessee for deduction under section 80 IB(10) of the Income Tax Act for Assessment Years 2005-2006 and 2006-2007. The court upheld the assessee's eligibility for the deduction based on the project approval date falling within the relevant judgment. Additionally, the court supported the assessee's use of the project completion method of accounting, emphasizing that it was a valid practice and the Assessing Officer did not find any faults in the chosen method. Consequently, both appeals were dismissed without costs awarded. Case-Laws Income Tax Mon, 18 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271599