https://www.taxtmi.com/caselaws?id=272974 The Appellate Tribunal ITAT Ahmedabad upheld the CIT(A)'s decision to delete the addition made under section 145A of the Income Tax Act, 1961. The Tribunal found merit in the assessee's consistent accounting method and compliance with ICAI guidelines, noting that adjusting purchases for duty/tax credits did not impact the profit for the assessment year. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the deletion of the addition. en-us Mon, 11 Dec 2017 00:00:00 +0530 Tue, 29 May 2018 08:25:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272974 The Appellate Tribunal ITAT Ahmedabad upheld the CIT(A)'s decision to delete the addition made under section 145A of the Income Tax Act, 1961. The Tribunal found merit in the assessee's consistent accounting method and compliance with ICAI guidelines, noting that adjusting purchases for duty/tax credits did not impact the profit for the assessment year. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the deletion of the addition. Case-Laws Income Tax Mon, 11 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272974