2019 (10) TMI 29 - SCH - Income Tax

Method of accounting - correctness of the method of accounting of the assessee company for recording the receipt by way of membership fee and the expenses by way of commission and insurance premium - Revision u/s 263 set aside by Tribunal - HELD THAT - Having considered the rival submissions made by the learned counsel for the parties, in our view, no interference is called for. We, therefore, dismiss the special leave petitions leaving all questions of law open.

Summary

The Supreme Court allowed applications for restoration, restored SLPs to original numbers, dismissed special leave petitions without interference, and left all questions of law open. Pending applications, if any, were disposed of.