https://www.taxtmi.com/caselaws?id=239040 The Tribunal dismissed the appeals filed by the revenue and the cross objections filed by the assessee. It upheld the CIT(A)'s decisions regarding the classification of interest income, allowance of business expenses, and the method of accounting for income recognition. The Tribunal emphasized that the AO cannot force a change in the accounting method and that legitimate business expenses are deductible even if the income is classified under a different head. The final order was pronounced in open court in September 2013. en-us Thu, 26 Sep 2013 00:00:00 +0530 Sun, 03 Nov 2013 08:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239040 The Tribunal dismissed the appeals filed by the revenue and the cross objections filed by the assessee. It upheld the CIT(A)'s decisions regarding the classification of interest income, allowance of business expenses, and the method of accounting for income recognition. The Tribunal emphasized that the AO cannot force a change in the accounting method and that legitimate business expenses are deductible even if the income is classified under a different head. The final order was pronounced in open court in September 2013. Case-Laws Income Tax Thu, 26 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239040