https://www.taxtmi.com/caselaws?id=182226 The High Court of Bombay upheld the Income-tax Appellate Tribunal's decision regarding the change in the method of accounting for unused accessories and the computation of relief under section 80HHC. The Tribunal found the change in accounting method was not bona fide as the accessories still held some value. The Court agreed with the Tribunal's factual findings, dismissing the appeal due to lack of substantial legal questions. The Court ruled in favor of the Revenue, emphasizing the lack of evidence regarding the stock of accessories worth over Rs. 10,00,000, leading to the dismissal of the appeal. en-us Mon, 01 Dec 2008 00:00:00 +0530 Thu, 05 May 2016 14:30:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182226 The High Court of Bombay upheld the Income-tax Appellate Tribunal's decision regarding the change in the method of accounting for unused accessories and the computation of relief under section 80HHC. The Tribunal found the change in accounting method was not bona fide as the accessories still held some value. The Court agreed with the Tribunal's factual findings, dismissing the appeal due to lack of substantial legal questions. The Court ruled in favor of the Revenue, emphasizing the lack of evidence regarding the stock of accessories worth over Rs. 10,00,000, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 01 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182226