https://www.taxtmi.com/caselaws?id=67035 The tribunal upheld the Commissioner of Income-tax (Appeals) [CIT(A)]'s decision in favor of the assessee regarding the change of accounting method from cash basis to mercantile for sales tax. The tribunal found the change to be bona fide and permanent, emphasizing the consistency of the assessee's actions and the acceptance of similar changes by the Income Tax Officer (ITO) in subsequent years. The tribunal dismissed the Revenue's appeal, affirming the legitimacy and permanence of the accounting method change and the independence of sales tax liability from assessment. en-us Sat, 26 Jun 1982 00:00:00 +0530 Tue, 08 Mar 2011 18:03:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67035 The tribunal upheld the Commissioner of Income-tax (Appeals) [CIT(A)]'s decision in favor of the assessee regarding the change of accounting method from cash basis to mercantile for sales tax. The tribunal found the change to be bona fide and permanent, emphasizing the consistency of the assessee's actions and the acceptance of similar changes by the Income Tax Officer (ITO) in subsequent years. The tribunal dismissed the Revenue's appeal, affirming the legitimacy and permanence of the accounting method change and the independence of sales tax liability from assessment. Case-Laws Income Tax Sat, 26 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67035