https://www.taxtmi.com/caselaws?id=402133 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) to delete the addition of Rs. 17,74,99,165 due to the assessee's valid switch from the Percentage completion method to the Project completion method. The Tribunal found the change in accounting method was made in good faith and due to unforeseen circumstances, such as project delays and legal issues. The Revenue's appeal was dismissed, affirming the validity and consistency of the revised return and the Project completion method applied by the assessee. en-us Wed, 23 Dec 2020 00:00:00 +0530 Thu, 24 Dec 2020 11:40:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402133 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) to delete the addition of Rs. 17,74,99,165 due to the assessee's valid switch from the Percentage completion method to the Project completion method. The Tribunal found the change in accounting method was made in good faith and due to unforeseen circumstances, such as project delays and legal issues. The Revenue's appeal was dismissed, affirming the validity and consistency of the revised return and the Project completion method applied by the assessee. Case-Laws Income Tax Wed, 23 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402133