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    <title>2021 (1) TMI 1324 - KARNATAKA HIGH COURT</title>
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    <description>Eligibility for deduction under section 80IB(10) was decided in favour of the assessee, with the Court following its reasoning in the connected matter and recording no independent contrary finding in the present order. On the accounting question, the Court accepted the Project Completion Method and rejected the Revenue&#039;s objection to the Percentage Completion Method applied by the assessing authority, again by adopting the reasoning in the connected appeal decided the same day. The Revenue&#039;s challenge therefore failed.</description>
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      <description>Eligibility for deduction under section 80IB(10) was decided in favour of the assessee, with the Court following its reasoning in the connected matter and recording no independent contrary finding in the present order. On the accounting question, the Court accepted the Project Completion Method and rejected the Revenue&#039;s objection to the Percentage Completion Method applied by the assessing authority, again by adopting the reasoning in the connected appeal decided the same day. The Revenue&#039;s challenge therefore failed.</description>
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