https://www.taxtmi.com/caselaws?id=290163 The ITAT upheld the AO's additions under normal computation and Sec 115JB, dismissing the assessee's appeal. The tribunal found the assessee failed to adhere to Accounting Standards and did not properly recognize income or prepare financial statements per Schedule VI of the Companies Act, 1956. The Revenue's cross appeal was allowed. en-us Tue, 22 Aug 2017 00:00:00 +0530 Thu, 14 Nov 2024 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290163 The ITAT upheld the AO's additions under normal computation and Sec 115JB, dismissing the assessee's appeal. The tribunal found the assessee failed to adhere to Accounting Standards and did not properly recognize income or prepare financial statements per Schedule VI of the Companies Act, 1956. The Revenue's cross appeal was allowed. Case-Laws Income Tax Tue, 22 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290163