https://www.taxtmi.com/caselaws?id=408820 The Tribunal allowed the appeal partly, setting aside the CIT(A)'s order. It concluded that the assessee's accounts complied with the Companies Act and the Supreme Court's direction. The provision for prior period expenses/liabilities was deemed correct, and lower authorities were unjustified in rejecting the audited book profit. The decision was announced on 18.06.2021. en-us Fri, 18 Jun 2021 00:00:00 +0530 Tue, 22 Jun 2021 09:15:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408820 The Tribunal allowed the appeal partly, setting aside the CIT(A)'s order. It concluded that the assessee's accounts complied with the Companies Act and the Supreme Court's direction. The provision for prior period expenses/liabilities was deemed correct, and lower authorities were unjustified in rejecting the audited book profit. The decision was announced on 18.06.2021. Case-Laws Income Tax Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408820