Section 145 (1) permits two process of accounting and it is not ...

Court Upholds Assessee's Accounting Method u/s 145(1) of Income Tax Act; No Evidence Against Double Entry Found.

March 27, 2017

Case Laws Income Tax HC

Section 145 (1) permits two process of accounting and it is not the case of appellant that double entry system of account is not a recognized mercantile system of accounting provided under Section 145(1) and in absence of anything shown otherwise, we find nothing wrong in the method of accounting adopted by Assessee and, therefore, this question is also answered against Revenue - HC

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Section 145 (1) permits two process of accounting and it is not ...

Court Upholds Assessee's Accounting Method u/s 145(1) of Income Tax Act; No Evidence Against Double Entry Found.

March 27, 2017

Case Laws Income Tax HC

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