https://www.taxtmi.com/caselaws?id=63999 The Tribunal allowed the assessee's appeal, setting aside the addition of Rs. 14,81,827 to the taxable income. The Tribunal upheld the validity of the assessee's hybrid system of accounting, noting its consistency and acceptance in accounting practices. It found no evidence that this method misrepresented profits and determined that the Assessing Officer did not exceed his jurisdiction in complying with the CIT(Appeals) directions. en-us Fri, 27 Feb 1998 00:00:00 +0530 Thu, 03 Feb 2011 10:47:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63999 The Tribunal allowed the assessee's appeal, setting aside the addition of Rs. 14,81,827 to the taxable income. The Tribunal upheld the validity of the assessee's hybrid system of accounting, noting its consistency and acceptance in accounting practices. It found no evidence that this method misrepresented profits and determined that the Assessing Officer did not exceed his jurisdiction in complying with the CIT(Appeals) directions. Case-Laws Income Tax Fri, 27 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63999