https://www.taxtmi.com/caselaws?id=62289 The Tribunal allowed the appeals, directing the Assessing Officer to revise the assessments for the relevant years in line with the method consistently followed by the assessee for accounting profit from terminated kuries. The Tribunal held that the CIT(A) was unjustified in confirming the additions of surplus amounts in terminated kuries accounts as income for the respective years, emphasizing the assessee's actual realization basis for profit recognition. en-us Thu, 19 Feb 1998 00:00:00 +0530 Wed, 19 Jan 2011 11:05:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62289 The Tribunal allowed the appeals, directing the Assessing Officer to revise the assessments for the relevant years in line with the method consistently followed by the assessee for accounting profit from terminated kuries. The Tribunal held that the CIT(A) was unjustified in confirming the additions of surplus amounts in terminated kuries accounts as income for the respective years, emphasizing the assessee's actual realization basis for profit recognition. Case-Laws Income Tax Thu, 19 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62289