2015 (1) TMI 1500

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Rolee Agarwal, CIT - DR ORDER PER R.P. TOLANI, JM Both these appeals have been filed by the assessee against common order of the ld. CIT(A)- Central, Jaipur dated 02-05-2012 for the assessment years 2008-09 and 2009-10 wherein various grounds are raised but in effect the main grounds are as under:- (i) upholding the rejection of books of account u/s 145(3) of the Act. (....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....have been held to be not proper and assessee's method of accounting i.e. project completion method has been upheld by following observations by this Bench of ITAT in its group cases (supra) ''13. Considering entire conspectus of the case in the light of the peculiar facts and findings reached herein before in this case, it is neither proper nor justified to hold that the books of acco....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t and making assessment in the manner provided under section 144 of the Act. We, therefore, set aside the decision in this regard and allow ground Nos. 2 & 3 raised in appeal by the assessee in assessment year 2003-04. 14. In the light of our decision in assessee's appeal, the grounds raised in appeal by revenue become infructuous and stand rejected. 15. Parties have fairly admit....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y and consequential, the assessing authority shall re-compute the same accordingly. 16. In the result, all the appeals by assessee stand partly allowed and that by revenue stand dismissed. '' 2.2 The ld. DR is heard. 2.3 We have heard the rival contentions and perused the materials available on record. The facts and circumstances of the assessee's case and its other group cases ....