https://www.taxtmi.com/caselaws?id=242766 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessee. It concluded that the method of accounting followed by the assessee, consistent with Accounting Standard AS-9, was valid. The Tribunal found no justification for the Assessing Officer's addition of Rs. 1,75,51,561/- as income, dismissing the Revenue's appeal. The order was pronounced on 17/1/2014, in the Open Court. en-us Fri, 17 Jan 2014 00:00:00 +0530 Mon, 20 Jan 2014 07:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242766 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessee. It concluded that the method of accounting followed by the assessee, consistent with Accounting Standard AS-9, was valid. The Tribunal found no justification for the Assessing Officer's addition of Rs. 1,75,51,561/- as income, dismissing the Revenue's appeal. The order was pronounced on 17/1/2014, in the Open Court. Case-Laws Income Tax Fri, 17 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242766