https://www.taxtmi.com/caselaws?id=392839 The High Court upheld the Tribunal's decision regarding adjustments under Section 145-A of the Income Tax Act for the assessment year 2010-11. The Court dismissed the Revenue's appeal, confirming the consistent method followed by the assessee despite deviations from the law. The Court also upheld the deletion of the addition to the total income of the respondent company, emphasizing the application of Accounting Standard 2 and the ICAI's exclusive method for adjustments. The Court found no substantial question of law to warrant a different outcome, affirming the Tribunal's decision. en-us Wed, 05 Feb 2020 00:00:00 +0530 Sat, 29 Feb 2020 11:51:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392839 The High Court upheld the Tribunal's decision regarding adjustments under Section 145-A of the Income Tax Act for the assessment year 2010-11. The Court dismissed the Revenue's appeal, confirming the consistent method followed by the assessee despite deviations from the law. The Court also upheld the deletion of the addition to the total income of the respondent company, emphasizing the application of Accounting Standard 2 and the ICAI's exclusive method for adjustments. The Court found no substantial question of law to warrant a different outcome, affirming the Tribunal's decision. Case-Laws Income Tax Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392839