https://www.taxtmi.com/caselaws?id=396855 The Tribunal allowed the appeal, quashing the revisionary order under Section 263 of the Act, as it was found to be without jurisdiction and not sustainable on merits. The Tribunal admitted the additional ground of appeal challenging the revision of the assessment order and concluded that the method of accounting employed by the assessee for revenue recognition was reasonable and in line with applicable accounting standards. The appeal was allowed, and the order was pronounced on 20/07/2020. en-us Mon, 20 Jul 2020 00:00:00 +0530 Mon, 28 Dec 2020 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396855 The Tribunal allowed the appeal, quashing the revisionary order under Section 263 of the Act, as it was found to be without jurisdiction and not sustainable on merits. The Tribunal admitted the additional ground of appeal challenging the revision of the assessment order and concluded that the method of accounting employed by the assessee for revenue recognition was reasonable and in line with applicable accounting standards. The appeal was allowed, and the order was pronounced on 20/07/2020. Case-Laws Income Tax Mon, 20 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396855