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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Method of accounting adopted by the taxpayer consistently and ...


Tax Authorities Cannot Disregard Consistently Used Accounting Method Chosen by Taxpayer Without Justifiable Reason.

September 17, 2012

Case Laws     Income Tax     HC

Method of accounting adopted by the taxpayer consistently and regularly cannot be discarded by the Departmental authorities on the view that he should have adopted a different method of keeping accounts or of valuation - HC

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