https://www.taxtmi.com/caselaws?id=430551 The tribunal allowed the assessee's appeal, deleting the addition of Rs. 56,20,70,000. It emphasized the importance of consistency in accounting methods and preventing double taxation. The tribunal noted that the revenue from sales of energy had been taxed in preceding years on a cash basis and that the change in accounting method in the following year resulted in additional revenue being taxed. The tribunal concluded that the addition would lead to double taxation and set aside the order, deleting the addition. en-us Wed, 16 Nov 2022 00:00:00 +0530 Mon, 21 Nov 2022 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430551 The tribunal allowed the assessee's appeal, deleting the addition of Rs. 56,20,70,000. It emphasized the importance of consistency in accounting methods and preventing double taxation. The tribunal noted that the revenue from sales of energy had been taxed in preceding years on a cash basis and that the change in accounting method in the following year resulted in additional revenue being taxed. The tribunal concluded that the addition would lead to double taxation and set aside the order, deleting the addition. Case-Laws Income Tax Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430551