https://www.taxtmi.com/caselaws?id=3952 SC dismissed the civil appeal, upholding the HC and Tribunal's conclusion that the Department failed to justify changing the assessee's method of accounting under s.145. The Court held the Department must demonstrate that the impugned accounting method results in under-estimation of profits, quantify both methods, and show facts and figures warranting rejection; absent such exercise, the presumption is revenue neutral. The SC disagreed with the HC's reliance on the rule of consistency but declined to interfere because the AO did not prove under-estimation or properly compare accounting methods. en-us Wed, 07 May 2008 00:00:00 +0530 Tue, 09 Sep 2025 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3952 SC dismissed the civil appeal, upholding the HC and Tribunal's conclusion that the Department failed to justify changing the assessee's method of accounting under s.145. The Court held the Department must demonstrate that the impugned accounting method results in under-estimation of profits, quantify both methods, and show facts and figures warranting rejection; absent such exercise, the presumption is revenue neutral. The SC disagreed with the HC's reliance on the rule of consistency but declined to interfere because the AO did not prove under-estimation or properly compare accounting methods. Case-Laws Income Tax Wed, 07 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3952