https://www.taxtmi.com/caselaws?id=300490 The Tribunal upheld the CIT(A)'s decision, emphasizing the importance of consistency in the accounting method. The Tribunal directed that the income for the period January to March 2005 should be accounted for on an accrual basis for the assessment year 2005-06, with the assessee entitled to set off the income relating to the previous period. The appeal was partly allowed, aligning with the principles of mercantile accounting and consistency. en-us Thu, 09 Sep 2010 00:00:00 +0530 Sat, 05 Feb 2022 12:45:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300490 The Tribunal upheld the CIT(A)'s decision, emphasizing the importance of consistency in the accounting method. The Tribunal directed that the income for the period January to March 2005 should be accounted for on an accrual basis for the assessment year 2005-06, with the assessee entitled to set off the income relating to the previous period. The appeal was partly allowed, aligning with the principles of mercantile accounting and consistency. Case-Laws Income Tax Thu, 09 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300490