Assessment Officer Can't Dictate Business Cash Use; CIT(A) Approves Accounting Method u/s 68, No Income Additions Needed. https://www.taxtmi.com/highlights?id=42240 Addition u/s 68 - AO cannot determine how the cash should be utilized in the business. Ld. CIT(A) has already verified the method of accounting and he has satisfied with the method. - No additions. en-us Wed, 24 Oct 2018 08:57:13 +0530 Wed, 24 Oct 2018 08:57:13 +0530 TaxTMI RSS Generator Assessment Officer Can't Dictate Business Cash Use; CIT(A) Approves Accounting Method u/s 68, No Income Additions Needed. https://www.taxtmi.com/highlights?id=42240 Addition u/s 68 - AO cannot determine how the cash should be utilized in the business. Ld. CIT(A) has already verified the method of accounting and he has satisfied with the method. - No additions. Highlights Income Tax Wed, 24 Oct 2018 08:57:13 +0530 https://www.taxtmi.com/highlights?id=42240