https://www.taxtmi.com/caselaws?id=301626 The Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)], dismissing the appeal by the Revenue. The ITAT found no fault in the CIT(A)'s order, which supported the consistent application of the accounting method and relied on judicial precedents. The ITAT highlighted similarities with a previous case where the books of accounts were rejected for comparable reasons, and the CIT(A)'s decision was upheld. Consequently, the appeal by the Revenue was rejected, and the order was pronounced in open court. en-us Thu, 17 Nov 2016 00:00:00 +0530 Wed, 13 Apr 2022 08:37:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301626 The Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)], dismissing the appeal by the Revenue. The ITAT found no fault in the CIT(A)'s order, which supported the consistent application of the accounting method and relied on judicial precedents. The ITAT highlighted similarities with a previous case where the books of accounts were rejected for comparable reasons, and the CIT(A)'s decision was upheld. Consequently, the appeal by the Revenue was rejected, and the order was pronounced in open court. Case-Laws Income Tax Thu, 17 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301626