https://www.taxtmi.com/caselaws?id=357886 The court dismissed the appeal, ruling in favor of the assessee on questions 3 and 4, regarding the crystallization of tariff adjustment liability and the permissibility of estimating future liabilities. The court also sided with the assessee on questions 1, 2, 5, 6, and 7, based on a previous judgment. It affirmed that the tariff adjustment liability was accrued, not contingent, and that the assessee's accounting practices complied with accounting standards and legal principles. en-us Wed, 21 Mar 2018 00:00:00 +0530 Tue, 13 Nov 2018 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357886 The court dismissed the appeal, ruling in favor of the assessee on questions 3 and 4, regarding the crystallization of tariff adjustment liability and the permissibility of estimating future liabilities. The court also sided with the assessee on questions 1, 2, 5, 6, and 7, based on a previous judgment. It affirmed that the tariff adjustment liability was accrued, not contingent, and that the assessee's accounting practices complied with accounting standards and legal principles. Case-Laws Income Tax Wed, 21 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357886