https://www.taxtmi.com/caselaws?id=24514 The court ruled in favor of the petitioners, a firm of solicitors and advocates, in a case concerning the treatment of clients' deposits and expenses for the assessment year 1985-86. The court upheld the petitioners' longstanding accounting method, emphasizing compliance with professional standards and rejecting the tax authorities' attempt to impose a different method. The respondents were restrained from taking further steps based on the challenged directions, and they were directed to pay the costs of the petition. en-us Wed, 08 Jun 1988 00:00:00 +0530 Wed, 20 Jan 2010 16:40:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24514 The court ruled in favor of the petitioners, a firm of solicitors and advocates, in a case concerning the treatment of clients' deposits and expenses for the assessment year 1985-86. The court upheld the petitioners' longstanding accounting method, emphasizing compliance with professional standards and rejecting the tax authorities' attempt to impose a different method. The respondents were restrained from taking further steps based on the challenged directions, and they were directed to pay the costs of the petition. Case-Laws Income Tax Wed, 08 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24514