https://www.taxtmi.com/caselaws?id=181671 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 2,25,18,23,535/- on account of non-realization of surcharge. The Tribunal emphasized that the surcharge did not represent real income due to its contingent nature and the accounting method consistently followed by the assessee and accepted by the department in previous years. The Tribunal also highlighted the importance of consistency in departmental actions and the application of recognized accounting standards in computing taxable income. en-us Wed, 30 Nov 2011 00:00:00 +0530 Thu, 31 Aug 2017 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181671 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 2,25,18,23,535/- on account of non-realization of surcharge. The Tribunal emphasized that the surcharge did not represent real income due to its contingent nature and the accounting method consistently followed by the assessee and accepted by the department in previous years. The Tribunal also highlighted the importance of consistency in departmental actions and the application of recognized accounting standards in computing taxable income. Case-Laws Income Tax Wed, 30 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181671