https://www.taxtmi.com/caselaws?id=380666 The appeal was dismissed by the court without costs. The court allowed the condonation of delay in re-filing the appeal and upheld the Assessee's addition of income on account of a change in the method of accounting for insurance agency commission. The court favored the Assessee's revenue recognition policy over Accounting Standard-9, emphasizing consistency in the accounting method over multiple assessment years. The court ruled that unearned commission cannot be taxed in the assessment year, ultimately finding no substantial legal question for consideration. en-us Fri, 17 May 2019 00:00:00 +0530 Fri, 24 May 2019 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380666 The appeal was dismissed by the court without costs. The court allowed the condonation of delay in re-filing the appeal and upheld the Assessee's addition of income on account of a change in the method of accounting for insurance agency commission. The court favored the Assessee's revenue recognition policy over Accounting Standard-9, emphasizing consistency in the accounting method over multiple assessment years. The court ruled that unearned commission cannot be taxed in the assessment year, ultimately finding no substantial legal question for consideration. Case-Laws Income Tax Fri, 17 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380666