https://www.taxtmi.com/caselaws?id=333025 The Tax Appeal was dismissed as the court found that the assessee had followed the recognized accounting principle of booking profit based on the project completion method for ongoing construction projects. Despite discrepancies in the Commissioner's calculations, there was no evidence of deviation from this method in the past or objections raised by the department, leading to the dismissal of the appeal. en-us Mon, 18 Jul 2016 00:00:00 +0530 Sun, 02 Oct 2016 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333025 The Tax Appeal was dismissed as the court found that the assessee had followed the recognized accounting principle of booking profit based on the project completion method for ongoing construction projects. Despite discrepancies in the Commissioner's calculations, there was no evidence of deviation from this method in the past or objections raised by the department, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 18 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333025