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2016 (8) TMI 1205 - GUJARAT HIGH COURTRejecting the project Completion Method followed consistently by the assessee - ITAT applying workinprogress method and taxing 80% thereon as net profit - Held that:- As gone through the order passed by the authorities below, as well as, considering the fact that the assessee has followed the method which is consistent considering the decision in case of Shivalik Buildwell (P.) Ltd. 2012 (10) TMI 1019 - GUJARAT HIGH COURT ) and Umang Hiralal Thakkar (2013 (4) TMI 259 - ITAT AHMEDABAD ) and therefore this Court is of the opinion that the view taken by the tribunal and CIT (A) is not correct. Since the issue involved in this appeal is identical to the decision cited by the learned Counsel for the assessee while adopting such reasons, we allow this appeal and accordingly answer the issue raised in this appeal in favour of the assessee
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