High Court rules in favor of taxpayer on accounting method dispute

The High Court of Gujarat dismissed the Revenue's appeal regarding the addition of Rs.11,73,876 due to a change in the method of accounting. The Tribunal deemed the change as bona fide and consistently applied in subsequent years, resulting in the appeal's dismissal.

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The High Court of Gujarat dismissed the appeal by the Revenue regarding the addition of Rs.11,73,876 due to a change in the method of accounting. The Tribunal found the change to be bona fide and consistently followed in subsequent years, leading to the dismissal of the appeal.

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