The assessee followed the project completion method.  The  Assessing Officer held that the assessee is a mere contractor hence percentage completion method should be followed instead of the project completion method followed  as per Accounting Standard 7. The CIT(A)) and Tribunal allowed the appeal of the aassessee. On appeal to High Court the dismissing the appeal of the Revenue the Court held that the project completion method was followed by the assessee and had been accepted by the Department. Thus, applying the principle of consistency, the rejection of the method of accounting was not justified. (AY.2015-16)