https://www.taxtmi.com/caselaws?id=328324 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 52,71,02,218/- regarding the completion status of three projects, emphasizing the ongoing nature of the projects and the consistent application of the project completion method. Additionally, the Tribunal overturned the disallowance under Section 40A(2)(b) for payments to a sister concern, citing past favorable decisions and the principle of consistency. The Tribunal also addressed issues related to deduction under Section 80-IB(10), allowing the deduction for income related to amenities and services. Ultimately, the Tribunal dismissed the revenue's appeal and upheld the assessee's appeal. en-us Mon, 25 Apr 2016 00:00:00 +0530 Tue, 31 May 2016 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328324 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 52,71,02,218/- regarding the completion status of three projects, emphasizing the ongoing nature of the projects and the consistent application of the project completion method. Additionally, the Tribunal overturned the disallowance under Section 40A(2)(b) for payments to a sister concern, citing past favorable decisions and the principle of consistency. The Tribunal also addressed issues related to deduction under Section 80-IB(10), allowing the deduction for income related to amenities and services. Ultimately, the Tribunal dismissed the revenue's appeal and upheld the assessee's appeal. Case-Laws Income Tax Mon, 25 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328324