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2015 (2) TMI 1394 - AT - Income TaxRectification of mistake - Rejection of books of account of the assessee - method of accounting of percentage completion method rejected - HELD THAT:- We have heard the rival contentions and perused the materials available on record. We find merit in the arguments of the ld. Counsel for the assessee. This Bench of ITAT has followed the consolidated order in associated concerns thereby upholding the books of account maintained by the assessee as well as project completion method followed by it. The mistake as pointed out by the assessee amounts to mistake apparent from record - we uphold the books of account of the assessee and also uphold method of accounting of project completion method as followed by this Bench of ITAT in assessee's group of cases. Thus in the entirety of the facts and circumstances, the additions are deleted and the appeals of the assessee are allowed. Except above, there is no change in the body of the order - MA of assessee allowed.
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