https://www.taxtmi.com/caselaws?id=69399 The Tribunal allowed the appeal, directing the IAC(Asst.) to compute the assessee's income based on the method of accounting it regularly followed. The Tribunal emphasized that the method was recognized by ICAI and consistently applied by the assessee. It held that only a proportionate income, as accounted for by the assessee over the period of years during which services were rendered, should be assessed for the year. The appeal was allowed, and the IAC(Asst.) was directed to delete the additions made in the assessee's income and compute it based on the proportionate method of accounting followed by the assessee. en-us Thu, 17 May 1990 00:00:00 +0530 Wed, 06 Apr 2011 15:38:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69399 The Tribunal allowed the appeal, directing the IAC(Asst.) to compute the assessee's income based on the method of accounting it regularly followed. The Tribunal emphasized that the method was recognized by ICAI and consistently applied by the assessee. It held that only a proportionate income, as accounted for by the assessee over the period of years during which services were rendered, should be assessed for the year. The appeal was allowed, and the IAC(Asst.) was directed to delete the additions made in the assessee's income and compute it based on the proportionate method of accounting followed by the assessee. Case-Laws Income Tax Thu, 17 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69399