https://www.taxtmi.com/caselaws?id=63707 The Tribunal allowed the appeal, highlighting the assessee's right to change accounting methods for legitimate business reasons. It directed the Assessing Officer to revise the assessment, accepting the change from accrual basis to cash basis for income from operating fee and interest. The Tribunal emphasized the necessity of the change for financial statements and tax liability calculation due to business disputes, acknowledging the genuine efforts of the assessee to comply with accounting standards and providing a fair opportunity for correct income computation. en-us Tue, 10 Sep 1991 00:00:00 +0530 Tue, 01 Feb 2011 14:27:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63707 The Tribunal allowed the appeal, highlighting the assessee's right to change accounting methods for legitimate business reasons. It directed the Assessing Officer to revise the assessment, accepting the change from accrual basis to cash basis for income from operating fee and interest. The Tribunal emphasized the necessity of the change for financial statements and tax liability calculation due to business disputes, acknowledging the genuine efforts of the assessee to comply with accounting standards and providing a fair opportunity for correct income computation. Case-Laws Income Tax Tue, 10 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63707