https://www.taxtmi.com/caselaws?id=121852 The tribunal concluded that the Assessing Officer's (AO) rejection of the assessee's books of account under Section 145 was invalid due to a lack of findings on the correctness or completeness of the accounts. It determined that the assessee's method of accounting, which recognized income upon the completion or release of a film, was appropriate. The tribunal allowed the assessee's appeal, dismissing the revenue's appeal, and deleted the income additions made by the AO. en-us Wed, 01 Oct 2008 00:00:00 +0530 Mon, 20 Nov 2023 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121852 The tribunal concluded that the Assessing Officer's (AO) rejection of the assessee's books of account under Section 145 was invalid due to a lack of findings on the correctness or completeness of the accounts. It determined that the assessee's method of accounting, which recognized income upon the completion or release of a film, was appropriate. The tribunal allowed the assessee's appeal, dismissing the revenue's appeal, and deleted the income additions made by the AO. Case-Laws Income Tax Wed, 01 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121852