https://www.taxtmi.com/caselaws?id=252732 The High Court ruled in favor of the assessee, emphasizing that the Assessing Officer's act of redrawing the profit and loss account was unauthorized. The judgment highlighted the importance of adhering to the Companies Act provisions and restricting Assessing Officers' powers to make changes to profit and loss accounts. en-us Tue, 25 Feb 2014 00:00:00 +0530 Fri, 20 Feb 2015 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252732 The High Court ruled in favor of the assessee, emphasizing that the Assessing Officer's act of redrawing the profit and loss account was unauthorized. The judgment highlighted the importance of adhering to the Companies Act provisions and restricting Assessing Officers' powers to make changes to profit and loss accounts. Case-Laws Income Tax Tue, 25 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252732