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TMI Blog2019 (8) TMI 302X X X X Extracts X X X X X X X X Extracts X X X X ..... :- question No.1 is covered against the assessee by the decision in M/s Kishan Chand Co. Oil Inds. Ltd.' [ 2011 (12) TMI 243 - PUNJAB HARYANA HIGH COURT] Accrual of interest on FDRs in the bank - when the assessee has been consistently following the cash system of accounting for the receipt of interest - HELD THAT:- Tribunal noticed that the assessee had been using the approval ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... artment in ITR No. 224 and 225 of 1995 and for the appellants in ITR No. 226 and 227 of 1995 For The Respondents : ITR No. 224 and 225 of 1995 and ITR No. 226 and 227 of 1995 ORDER AJAY TEWARI, J (ORAL) ITR No. 226 of 1995 Learned counsel for the revenue has very fairly stated that no questio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s:- 1. Whether on the facts and in the circumstances of the case, the Tribunal is right in upholding the addition of ₹ 88,479/- on account of alleged suppression of the value of closing stock and the said addition is legally sustainable in view of the constantly followed and accepted method of accounting to value the closing stock in the past? ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ether claim for refund/interest on FDR would be part of the income of the assessee in the year of their approval or in the year of their actual received? 10. The primary contention of the counsel for the assessee is that in any case the conclusion of these references would be revenue neutral because during the pendency of the matter before the Tribunal the tax stood paid. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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