https://www.taxtmi.com/caselaws?id=63354 The Tribunal upheld the deletion of additions made by the revenue regarding interest accrued and credited to the 'interest suspense account' by the assessee. The Commissioner (Appeals) and Tribunal found the special accounting system used by the assessee justifiable, citing past acceptance by the department and the binding nature of relevant circulars during the assessment years. The Tribunal also supported the assessee's hybrid accounting system, emphasizing the permissibility of using different methods for various business aspects as long as consistently applied, in accordance with Section 145(1) of the Income-tax Act, 1961. en-us Mon, 16 Aug 1982 00:00:00 +0530 Sat, 29 Jan 2011 15:24:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63354 The Tribunal upheld the deletion of additions made by the revenue regarding interest accrued and credited to the 'interest suspense account' by the assessee. The Commissioner (Appeals) and Tribunal found the special accounting system used by the assessee justifiable, citing past acceptance by the department and the binding nature of relevant circulars during the assessment years. The Tribunal also supported the assessee's hybrid accounting system, emphasizing the permissibility of using different methods for various business aspects as long as consistently applied, in accordance with Section 145(1) of the Income-tax Act, 1961. Case-Laws Income Tax Mon, 16 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63354