Project Completion Method is Right Method Prescribed by ICAI for determining Profit, Eligible for Deduction u/s 80IB(10) of Income Tax Act: ITAT [Read Order]
The project completion method adopted by the assessee is the right method for determining the profits.
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) confirmed that the project completion method was the appropriate method for determining profit eligible for deduction under Section 80IB(10) of the Income Tax Act. The Commissioner of Income Tax (Appeal) in holding that the project completion method adopted by the assessee is the…
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