2025 (3) TMI 2285

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.... Shailendra Shrivastava - Ld. Sr. DR ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2019-20 arises out of an order of learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 19-12- 2023 in the matter of an intimation issued by CPC u/s 143(1) on 14-07- 2020. The sole grievance of the....

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....ccounting. Another method to account the same is inclusive method wherein GST components are routed through Profit & Loss Account. Whatever method is followed by the assessee, the same would not have any impact on the final profit / loss for the year. Both methods are recognized method of accounting. However, the assessee following inclusive method and the assessee following exclusive method could....