Discrepancy in Service Values Due to Different Accounting Systems Not Malafide if Fully Reflected in Balance Sheet.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....When the Balance sheet entries and the value as reflected in ST-3 returns are based upon different accounting system, and when the entire value stands reflected in the balance sheet, the difference in the value of services cannot be attributed to any malafide on the part of the assessee - AT....