https://www.taxtmi.com/caselaws?id=381386 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s order in favor of the assessee. The rejection of books of account under Section 145(3) was deemed unwarranted, additions of Rs. 3,24,93,594 and Rs. 15,56,866 were rightly deleted, and the addition of Rs. 50,10,000 for alleged bogus advances was also correctly deleted. The Tribunal affirmed the assessee's consistent use of the project completion method and rejected the AO's claims regarding the inapplicability of this method. en-us Thu, 16 May 2019 00:00:00 +0530 Mon, 15 Jul 2019 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381386 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s order in favor of the assessee. The rejection of books of account under Section 145(3) was deemed unwarranted, additions of Rs. 3,24,93,594 and Rs. 15,56,866 were rightly deleted, and the addition of Rs. 50,10,000 for alleged bogus advances was also correctly deleted. The Tribunal affirmed the assessee's consistent use of the project completion method and rejected the AO's claims regarding the inapplicability of this method. Case-Laws Income Tax Thu, 16 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381386