https://www.taxtmi.com/caselaws?id=348407 The High Court dismissed the tax appeal, emphasizing the importance of maintaining proper accounts and accurately estimating project costs in accordance with section 44BBB of the Income Tax Act. The judgment upheld the Tribunal's decision, noting that the assessee had fulfilled statutory requirements, submitted audited financial statements, and accurately estimated project costs based on past experience, leading to the rejection of the Assessing Officer's decision. The Court found no question of law arising from the case, ultimately affirming the Tribunal's decision. en-us Mon, 18 Sep 2017 00:00:00 +0530 Thu, 25 Jan 2018 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348407 The High Court dismissed the tax appeal, emphasizing the importance of maintaining proper accounts and accurately estimating project costs in accordance with section 44BBB of the Income Tax Act. The judgment upheld the Tribunal's decision, noting that the assessee had fulfilled statutory requirements, submitted audited financial statements, and accurately estimated project costs based on past experience, leading to the rejection of the Assessing Officer's decision. The Court found no question of law arising from the case, ultimately affirming the Tribunal's decision. Case-Laws Income Tax Mon, 18 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348407