https://www.taxtmi.com/caselaws?id=764516 The HC upheld the ITAT's decision to delete the addition made by the Assessing Officer concerning Rs. 6,67,67,532/- for expenses deemed bogus under Section 37(1) of the Income Tax Act, 1961, as there was no evidence of an offense. Additionally, the HC affirmed the ITAT's ruling on the deletion of Rs. 25,42,10,217/-, supporting the consistent application of the project completion method of accounting, as the project was not completed by 31 March 2008 without the necessary certificates. The court concluded that neither issue constituted a substantial question of law, dismissing the appeal. en-us Wed, 08 Jan 2025 00:00:00 +0530 Fri, 10 Jan 2025 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764516 The HC upheld the ITAT's decision to delete the addition made by the Assessing Officer concerning Rs. 6,67,67,532/- for expenses deemed bogus under Section 37(1) of the Income Tax Act, 1961, as there was no evidence of an offense. Additionally, the HC affirmed the ITAT's ruling on the deletion of Rs. 25,42,10,217/-, supporting the consistent application of the project completion method of accounting, as the project was not completed by 31 March 2008 without the necessary certificates. The court concluded that neither issue constituted a substantial question of law, dismissing the appeal. Case-Laws Income Tax Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764516