https://www.taxtmi.com/caselaws?id=413456 The Tribunal ruled in favor of the assessee, a real estate developer, allowing the adoption of the project completion method for income computation over the percentage completion method. It emphasized the consistency in the assessee's accounting method accepted by the Department in previous years and cited the High Court's decision supporting the use of AS-9. The Tribunal directed the Assessing Officer to delete the additions made based on the incorrect application of the percentage completion method, ultimately allowing the appeal of the assessee in full. en-us Thu, 07 Oct 2021 00:00:00 +0530 Tue, 12 Oct 2021 09:29:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413456 The Tribunal ruled in favor of the assessee, a real estate developer, allowing the adoption of the project completion method for income computation over the percentage completion method. It emphasized the consistency in the assessee's accounting method accepted by the Department in previous years and cited the High Court's decision supporting the use of AS-9. The Tribunal directed the Assessing Officer to delete the additions made based on the incorrect application of the percentage completion method, ultimately allowing the appeal of the assessee in full. Case-Laws Income Tax Thu, 07 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413456