https://www.taxtmi.com/caselaws?id=357881 The Tribunal allowed both appeals for statistical purposes, directing the AO to verify the facts and circumstances related to revenue recognition method and penalty imposition. The AO was instructed to ensure consistency in accounting methods, prevent double taxation, and establish the genuineness of the assessee's explanations regarding inaccurate income particulars. en-us Tue, 27 Mar 2018 00:00:00 +0530 Thu, 29 Mar 2018 20:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357881 The Tribunal allowed both appeals for statistical purposes, directing the AO to verify the facts and circumstances related to revenue recognition method and penalty imposition. The AO was instructed to ensure consistency in accounting methods, prevent double taxation, and establish the genuineness of the assessee's explanations regarding inaccurate income particulars. Case-Laws Income Tax Tue, 27 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357881