https://www.taxtmi.com/caselaws?id=59656 The Tribunal allowed the appeal, determining that the project completion method was appropriate for computing the assessee's income in the construction business. The estimation of profits at 4% of receipts was rejected, and the classification of the assessee as a builder/developer was upheld. The denial of depreciation deduction was moot due to the acceptance of the project completion method. The issue of interest under section 234B was not addressed by the CIT(A) as the primary issues were resolved in favor of the assessee. en-us Thu, 30 Sep 2004 00:00:00 +0530 Wed, 27 Jun 2012 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59656 The Tribunal allowed the appeal, determining that the project completion method was appropriate for computing the assessee's income in the construction business. The estimation of profits at 4% of receipts was rejected, and the classification of the assessee as a builder/developer was upheld. The denial of depreciation deduction was moot due to the acceptance of the project completion method. The issue of interest under section 234B was not addressed by the CIT(A) as the primary issues were resolved in favor of the assessee. Case-Laws Income Tax Thu, 30 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59656