https://www.taxtmi.com/caselaws?id=241059 The Court dismissed all appeals filed by the Department under Section 260A of the Income Tax Appeal, 1961 against judgments of the Income Tax Appellate Tribunal. The Court upheld the Tribunal's decision, finding that the adjustments made by the assessee were permissible and did not result in tax evasion. Emphasizing the technical nature of the issue and the absence of tax escapement, the Court ruled in favor of the assessee, sustaining the impugned orders and rejecting the Department's contentions regarding accounting adjustments and sales return receipts. en-us Fri, 13 Dec 2013 00:00:00 +0530 Mon, 16 Dec 2013 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241059 The Court dismissed all appeals filed by the Department under Section 260A of the Income Tax Appeal, 1961 against judgments of the Income Tax Appellate Tribunal. The Court upheld the Tribunal's decision, finding that the adjustments made by the assessee were permissible and did not result in tax evasion. Emphasizing the technical nature of the issue and the absence of tax escapement, the Court ruled in favor of the assessee, sustaining the impugned orders and rejecting the Department's contentions regarding accounting adjustments and sales return receipts. Case-Laws Income Tax Fri, 13 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241059