https://www.taxtmi.com/article/detailed?id=5476 The evidentiary weight of accounting treatment in tax assessment has evolved from a rigid rejection of book entries as determinative to a view that consistent accounting and compliance with statutory presentation may be persuasive in ascertaining taxable income; this is particularly material for revenue recognition issues under AS 9 (including non performing assets and interest accrual), and where accounts comply with Parts II and III of Schedule VI the assessing officer's power to alter profits is limited except as allowed by the taxing statute. en-us Thu, 13 Feb 2014 11:44:18 +0530 Thu, 13 Feb 2014 11:44:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5476 The evidentiary weight of accounting treatment in tax assessment has evolved from a rigid rejection of book entries as determinative to a view that consistent accounting and compliance with statutory presentation may be persuasive in ascertaining taxable income; this is particularly material for revenue recognition issues under AS 9 (including non performing assets and interest accrual), and where accounts comply with Parts II and III of Schedule VI the assessing officer's power to alter profits is limited except as allowed by the taxing statute. Articles Income Tax Thu, 13 Feb 2014 11:44:18 +0530 https://www.taxtmi.com/article/detailed?id=5476