https://www.taxtmi.com/caselaws?id=464628 ITAT MUMBAI - AT allowed the appeal, finding the assessee's exclusive accounting method consistently excluded VAT/GST payments and refunds from the profit and loss account and that such disclosures were made only in the tax audit report. The Tribunal held that the CIT(A) failed to disprove the assessee's accounting treatment or the materials relied upon, and therefore the adjustment sustained by the CPC was not justified. The impugned addition was set aside. en-us Wed, 19 Mar 2025 00:00:00 +0530 Thu, 06 Nov 2025 19:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464628 ITAT MUMBAI - AT allowed the appeal, finding the assessee's exclusive accounting method consistently excluded VAT/GST payments and refunds from the profit and loss account and that such disclosures were made only in the tax audit report. The Tribunal held that the CIT(A) failed to disprove the assessee's accounting treatment or the materials relied upon, and therefore the adjustment sustained by the CPC was not justified. The impugned addition was set aside. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464628