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Whether the tribunal was correct in holding that the assessee could adopt completed contract method of accounts without appreciating the amendment to Section 145 of the Act w.e.f. 01.04.1997 and applicable to the current assessment year?

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Sec. 145 of Income Tax Act, 1961 - Method of accounting - The assessee was following complete contract method which was accepted by the department in the past as well and therefore, there is no justification for the AO to change the same. - CIT V/s BANJARA DEVELOPERS AND CONSTRUCTIONS PVT. LTD. - [2020] 425 ITR 673 (KARN)

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