TMI Blog2013 (7) TMI 1223X X X X Extracts X X X X X X X X Extracts X X X X ..... dent : Shri Ramesh Chawla and Shri Harpreet Singh, CAs. ORDER PER G.D. AGRAWAL, VP : These appeals by the Revenue are directed against the order of learned CIT(A)-X, New Delhi dated 7th December, 2012 for the AY 200809 and 2009-10. 2. The only ground raised by the Revenue in these appeals reads as under:- Ground raised in ITA No.478/Del/2013:- The ld. CIT(A) erre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8 which is upheld by the ITAT. The relevant observation of learned CIT(A) in this regard reads as under:- 2.2 After going through the facts of the case and observations of the A.O. as well as the submissions of the A.R. of the appellant and findings of the CIT(A) for A.Yrs. 2006-07 and 2007-08 and decision of the Hon ble ITAT in ITA No.4572/Del/2009 and 2813/Del/2010 of G Bench, these groun ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e appellant. In this particular year also, the A.O. has only relied upon the revised AS:7 which was also applicable in the earlier years. (c) After going through the order of the CIT(A) in A.Yrs. 2006-07 and 2007-08 and the order of the ITAT for A.Yrs. 2006-07 and 2007-08, it is clear that the facts and issues for this year are similar to that of A.Yrs. 2006-07 and 200708. From the order of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee is consistently following the method of accounting of recognizing the revenue on project completion method while the Assessing Officer rejected the same and computed the income on the basis of percentage completion method. The ITAT in assessee s own case in the earlier years has upheld the project completion method being followed by the assessee. In view of the above, we do not find any ..... X X X X Extracts X X X X X X X X Extracts X X X X
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