https://www.taxtmi.com/caselaws?id=311006 The ITAT Jaipur allowed the appeals of the assessee for the assessment years 2008-09 and 2009-10, rejecting the revenue's grounds. The court found that the rejection of the books of account under section 145(3) was improper and upheld the assessee's use of the project completion method over the percentage completion method. The ITAT determined that the assessing authority could not change the accounting method on irrelevant considerations, leading to the deletion of the additions made. The decision was based on similar facts and previous ITAT rulings in the assessee's group cases. en-us Fri, 16 Jan 2015 00:00:00 +0530 Sat, 02 Dec 2023 08:46:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311006 The ITAT Jaipur allowed the appeals of the assessee for the assessment years 2008-09 and 2009-10, rejecting the revenue's grounds. The court found that the rejection of the books of account under section 145(3) was improper and upheld the assessee's use of the project completion method over the percentage completion method. The ITAT determined that the assessing authority could not change the accounting method on irrelevant considerations, leading to the deletion of the additions made. The decision was based on similar facts and previous ITAT rulings in the assessee's group cases. Case-Laws Income Tax Fri, 16 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311006