https://www.taxtmi.com/caselaws?id=180937 The High Court affirmed the Tribunal's decision to include work-in-progress in income computation for an assessee firm engaged in civil contracts. The Court emphasized the Assessing Officer's duty to adopt appropriate methods to determine true income, even if it deviates from the assessee's accounting method. Judicial precedents supported the inclusion of work-in-progress for accurate profit computation. The Court dismissed the appeal, highlighting the authority of the Assessing Officer to ensure correct income assessment. en-us Mon, 06 Feb 2006 00:00:00 +0530 Mon, 04 Apr 2016 17:18:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180937 The High Court affirmed the Tribunal's decision to include work-in-progress in income computation for an assessee firm engaged in civil contracts. The Court emphasized the Assessing Officer's duty to adopt appropriate methods to determine true income, even if it deviates from the assessee's accounting method. Judicial precedents supported the inclusion of work-in-progress for accurate profit computation. The Court dismissed the appeal, highlighting the authority of the Assessing Officer to ensure correct income assessment. Case-Laws Income Tax Mon, 06 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180937