https://www.taxtmi.com/caselaws?id=67250 The appeal was partly allowed by the Tribunal, ruling in favor of the assessee on both major issues. The addition of the value of drums to the total income was deemed unjustified as the assessee had consistently followed an accepted method in previous years. Additionally, the Tribunal upheld the assessee's right to account for cash incentives and duty drawbacks on a cash basis, overturning the lower authorities' decision to include these amounts in the total income. The Tribunal directed the ITO to delete these amounts from the total income, ultimately ruling in favor of the assessee on all grounds. en-us Fri, 21 Mar 1986 00:00:00 +0530 Wed, 09 Mar 2011 17:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67250 The appeal was partly allowed by the Tribunal, ruling in favor of the assessee on both major issues. The addition of the value of drums to the total income was deemed unjustified as the assessee had consistently followed an accepted method in previous years. Additionally, the Tribunal upheld the assessee's right to account for cash incentives and duty drawbacks on a cash basis, overturning the lower authorities' decision to include these amounts in the total income. The Tribunal directed the ITO to delete these amounts from the total income, ultimately ruling in favor of the assessee on all grounds. Case-Laws Income Tax Fri, 21 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67250