https://www.taxtmi.com/caselaws?id=276620 The case involves a dispute over the treatment of MODVAT credit following the introduction of Section 145A. The appellant advocates for the inclusive accounting method, while the assessee has been using the exclusive method. The respondent argues that the choice of accounting method does not impact the profit and loss statement. The court has adjourned the matter for further review to assess the tax implications of the different accounting methods. en-us Tue, 09 Feb 2010 00:00:00 +0530 Wed, 14 Nov 2018 17:34:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276620 The case involves a dispute over the treatment of MODVAT credit following the introduction of Section 145A. The appellant advocates for the inclusive accounting method, while the assessee has been using the exclusive method. The respondent argues that the choice of accounting method does not impact the profit and loss statement. The court has adjourned the matter for further review to assess the tax implications of the different accounting methods. Case-Laws Income Tax Tue, 09 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276620