https://www.taxtmi.com/caselaws?id=262513 The Tribunal upheld the assessee's method of accounting on a cash basis for newspaper sales and advertisement charges, emphasizing consistency and the right to adopt different accounting systems for various income sources. The Tribunal dismissed the Revenue's appeals, highlighting the importance of maintaining consistent accounting practices unless there is a material change warranting a different approach. The Tribunal found no justification for disallowing expenses and affirmed the legality of the assessee's accounting methods, emphasizing that the chosen method accurately reflected the income. en-us Wed, 29 Jul 2015 00:00:00 +0530 Sat, 05 Mar 2016 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262513 The Tribunal upheld the assessee's method of accounting on a cash basis for newspaper sales and advertisement charges, emphasizing consistency and the right to adopt different accounting systems for various income sources. The Tribunal dismissed the Revenue's appeals, highlighting the importance of maintaining consistent accounting practices unless there is a material change warranting a different approach. The Tribunal found no justification for disallowing expenses and affirmed the legality of the assessee's accounting methods, emphasizing that the chosen method accurately reflected the income. Case-Laws Income Tax Wed, 29 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262513