https://www.taxtmi.com/caselaws?id=181439 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal against the addition of amounts to the assessee's profits by changing the accounting method from project completion to percentage completion. The Tribunal emphasized the assessee's consistent use of the project completion method, accepted by the Revenue in previous years, and found the AO's approach inconsistent and unjustified. Referring to legal principles, the Tribunal concluded that the assessee's method did not distort profits, dismissing the Revenue's appeal and cross-objection as academic. en-us Fri, 16 Dec 2011 00:00:00 +0530 Sat, 16 Apr 2016 18:42:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181439 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal against the addition of amounts to the assessee's profits by changing the accounting method from project completion to percentage completion. The Tribunal emphasized the assessee's consistent use of the project completion method, accepted by the Revenue in previous years, and found the AO's approach inconsistent and unjustified. Referring to legal principles, the Tribunal concluded that the assessee's method did not distort profits, dismissing the Revenue's appeal and cross-objection as academic. Case-Laws Income Tax Fri, 16 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181439