https://www.taxtmi.com/caselaws?id=71600 The Tribunal upheld the decisions of the Commissioner (Appeals) in a case involving the validity of notices under section 148 of the Income-tax Act, 1961, and the method of accounting adopted by the assessee. The Tribunal found that the conditions for assuming jurisdiction under section 148 were met, and the method of accounting followed by the assessee was acceptable, being time-honored and consistently approved. As a result, all appeals were dismissed, affirming the decisions of the lower authorities on both issues. en-us Sun, 01 Sep 1985 00:00:00 +0530 Mon, 25 Apr 2011 18:34:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71600 The Tribunal upheld the decisions of the Commissioner (Appeals) in a case involving the validity of notices under section 148 of the Income-tax Act, 1961, and the method of accounting adopted by the assessee. The Tribunal found that the conditions for assuming jurisdiction under section 148 were met, and the method of accounting followed by the assessee was acceptable, being time-honored and consistently approved. As a result, all appeals were dismissed, affirming the decisions of the lower authorities on both issues. Case-Laws Income Tax Sun, 01 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71600