https://www.taxtmi.com/caselaws?id=245158 The Appellate Tribunal allowed the assessee's appeal, remitting the issue back to the Assessing Officer for further examination. The Tribunal emphasized the distinction between accounting treatment of leased computers under Accounting Standard-19 and the provisions of the Income Tax Act, directing the AO to verify the factual accuracy of the submissions. The judgment highlighted the necessity of aligning accounting practices with applicable standards and laws to prevent discrepancies in income tax assessments. en-us Fri, 14 Mar 2014 00:00:00 +0530 Fri, 21 Mar 2014 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245158 The Appellate Tribunal allowed the assessee's appeal, remitting the issue back to the Assessing Officer for further examination. The Tribunal emphasized the distinction between accounting treatment of leased computers under Accounting Standard-19 and the provisions of the Income Tax Act, directing the AO to verify the factual accuracy of the submissions. The judgment highlighted the necessity of aligning accounting practices with applicable standards and laws to prevent discrepancies in income tax assessments. Case-Laws Income Tax Fri, 14 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245158