2011 (10) TMI 26

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..... the explanation put forth by the assessee was acceptable and admittedly the cash system has been followed consistently thereafter. - no fault can be found with the decision of the ITAT. - 5590 OF 2010 - - - Dated:- 17-10-2011 - J.P. DEVADHAR AND K.K. TATED, JJ. Mr. Suresh Kumar for the appellant. Ms. Usha Dalal for the respondent. P.C. :- 1. Whether the ITAT was justifi .....

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..... ich is not received. Therefore, the assessee chose to change the system of accounting from mercantile system to cash system. The ITAT has found that the explanation put forth by the assessee was acceptable and admittedly the cash system has been followed consistently thereafter. In these circumstances, no fault can be found with the decision of the ITAT. Accordingly, the appeal is dismissed with n .....

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