https://www.taxtmi.com/caselaws?id=196408 The Tribunal upheld the CIT(A) order, dismissing the Revenue's appeals for AYs 2008-09 & 2009-10. The decision was based on the principle of consistency, as the assessee consistently used the project completion method for revenue recognition. The Tribunal referenced a similar case involving the assessee's sister concern where a similar addition was deleted, emphasizing the importance of maintaining consistent methods unless proven necessary. The Tribunal's decision was supported by the Revenue's acceptance of the project completion method in a subsequent year. en-us Fri, 27 May 2016 00:00:00 +0530 Wed, 29 Nov 2017 21:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196408 The Tribunal upheld the CIT(A) order, dismissing the Revenue's appeals for AYs 2008-09 & 2009-10. The decision was based on the principle of consistency, as the assessee consistently used the project completion method for revenue recognition. The Tribunal referenced a similar case involving the assessee's sister concern where a similar addition was deleted, emphasizing the importance of maintaining consistent methods unless proven necessary. The Tribunal's decision was supported by the Revenue's acceptance of the project completion method in a subsequent year. Case-Laws Income Tax Fri, 27 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196408