https://www.taxtmi.com/caselaws?id=329411 The Tribunal set aside the lower authorities' orders, directing the Assessing Officer to accept the project completion method for revenue recognition. The Tribunal emphasized the consistency of the assessee's accounting practice and found no evidence of profit underestimation. Additionally, specific directions were given on the levy of interest under sections 234A and 234B of the Income Tax Act. All appeals by the assessee were allowed for statistical purposes. en-us Fri, 29 Apr 2016 00:00:00 +0530 Fri, 01 Jul 2016 12:43:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329411 The Tribunal set aside the lower authorities' orders, directing the Assessing Officer to accept the project completion method for revenue recognition. The Tribunal emphasized the consistency of the assessee's accounting practice and found no evidence of profit underestimation. Additionally, specific directions were given on the levy of interest under sections 234A and 234B of the Income Tax Act. All appeals by the assessee were allowed for statistical purposes. Case-Laws Income Tax Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329411