https://www.taxtmi.com/caselaws?id=217740 The Tribunal upheld the Commissioner's decision to delete the addition of Rs. 3,87,74,848/- made by the Assessing Officer concerning mobilization advance. The Assessee's accounting method, treating the advance as a liability until work completion, was accepted based on consistency and past Revenue acceptance. The Tribunal emphasized the importance of adhering to accepted accounting practices and maintaining consistency in tax assessments, rejecting the Assessing Officer's stance due to the lack of new facts or legal changes justifying deviation. en-us Fri, 19 Oct 2012 00:00:00 +0530 Tue, 23 Oct 2012 19:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217740 The Tribunal upheld the Commissioner's decision to delete the addition of Rs. 3,87,74,848/- made by the Assessing Officer concerning mobilization advance. The Assessee's accounting method, treating the advance as a liability until work completion, was accepted based on consistency and past Revenue acceptance. The Tribunal emphasized the importance of adhering to accepted accounting practices and maintaining consistency in tax assessments, rejecting the Assessing Officer's stance due to the lack of new facts or legal changes justifying deviation. Case-Laws Income Tax Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217740