https://www.taxtmi.com/caselaws?id=778034 HC held that the addition of 8% of contract value was not justified where the appellant had uniformly followed the project completion method for the composite storm-water drainage project and had disclosed the entire project income in the relevant year. The accounting treatment complied with standard practice and Accounting Standard-7, and the appellant had informed the AO of this method earlier. Tribunal erred in sustaining the 8% addition; the substantial question of law was decided for the appellant and against the Revenue. en-us Wed, 06 Aug 2025 00:00:00 +0530 Tue, 09 Sep 2025 08:38:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778034 HC held that the addition of 8% of contract value was not justified where the appellant had uniformly followed the project completion method for the composite storm-water drainage project and had disclosed the entire project income in the relevant year. The accounting treatment complied with standard practice and Accounting Standard-7, and the appellant had informed the AO of this method earlier. Tribunal erred in sustaining the 8% addition; the substantial question of law was decided for the appellant and against the Revenue. Case-Laws Income Tax Wed, 06 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778034