https://www.taxtmi.com/caselaws?id=31083 The High Court affirmed the decisions of the Commissioner of Income Tax (Appeals) and Tribunal in a case involving discrepancies in billing and payments under a mercantile system of accounting. The Court upheld the Assessee's explanation for the differences, emphasizing the practice of maintaining running accounts with clients. It concluded that no substantial legal question arose, dismissing the appeal and highlighting the significance of accounting methods and practices in evaluating financial discrepancies. en-us Tue, 15 May 2007 00:00:00 +0530 Sat, 17 Sep 2011 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31083 The High Court affirmed the decisions of the Commissioner of Income Tax (Appeals) and Tribunal in a case involving discrepancies in billing and payments under a mercantile system of accounting. The Court upheld the Assessee's explanation for the differences, emphasizing the practice of maintaining running accounts with clients. It concluded that no substantial legal question arose, dismissing the appeal and highlighting the significance of accounting methods and practices in evaluating financial discrepancies. Case-Laws Income Tax Tue, 15 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31083