Method of accounting - Completed contract method of accounts - ...

Tax Department Wrong to Alter Consistent Accounting Method; Section 145 Amendment Doesn't Justify Change.

July 13, 2020

Case Laws     Income Tax     HC

Method of accounting - Completed contract method of accounts - scope of amendment to Section 145 - Assessee was following completed contract method which was accepted by the department in the past as well and therefore, there is no justification for the assessing officer to change the same.

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