https://www.taxtmi.com/caselaws?id=62134 The Tribunal concluded that the change in the method of accounting by the assessee was bona fide and not intended to avoid tax. The amounts credited to the interest suspense account should not be included in the taxable income for the assessment years 1974-75 and 1975-76. Consequently, the orders of the CIT were set aside, and the orders of the Income Tax Officer were restored. The appeals were allowed, and the orders of the CIT for both assessment years were set aside. en-us Sat, 23 Sep 1978 00:00:00 +0530 Tue, 18 Jan 2011 12:24:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62134 The Tribunal concluded that the change in the method of accounting by the assessee was bona fide and not intended to avoid tax. The amounts credited to the interest suspense account should not be included in the taxable income for the assessment years 1974-75 and 1975-76. Consequently, the orders of the CIT were set aside, and the orders of the Income Tax Officer were restored. The appeals were allowed, and the orders of the CIT for both assessment years were set aside. Case-Laws Income Tax Sat, 23 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62134