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TMI Blog2015 (1) TMI 1500X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. (ii) applying percentage completion method in place of pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unting 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 account maintained by the assessee did not present true and complete picture ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 admitted that there being identical facts in the appeals for the assessment years 2004-05 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 are similar. Thus in view thereof and by respectfully following the consolidated order referred a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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