https://www.taxtmi.com/caselaws?id=277616 The ITAT upheld the decision of the Ld. CIT(A) in favor of the assessee, dismissing the Revenue's appeal and the Assessee's Cross Objection. The judgment emphasized the significance of consistency in accounting practices, previous Tribunal decisions, and acceptance of audited books of accounts in resolving the issues raised regarding the treatment of unrealized surcharge and the obligation to follow the mercantile system of accounting. en-us Tue, 16 Jan 2018 00:00:00 +0530 Fri, 14 Dec 2018 06:40:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277616 The ITAT upheld the decision of the Ld. CIT(A) in favor of the assessee, dismissing the Revenue's appeal and the Assessee's Cross Objection. The judgment emphasized the significance of consistency in accounting practices, previous Tribunal decisions, and acceptance of audited books of accounts in resolving the issues raised regarding the treatment of unrealized surcharge and the obligation to follow the mercantile system of accounting. Case-Laws Income Tax Tue, 16 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277616