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.
ITAT - ITAT delhi - Income Tax - Income Tax Act - ICAI - Income Tax Appellate Tribunal - Section 80IB(10) of the Income Tax Act - taxscan

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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