Hybrid system of accounting - interest accrued on investments ...

High Court Permits Hybrid Accounting for Income Calculation Despite Section 145 of Income Tax Act Restrictions.

January 15, 2022

Case Laws Income Tax HC

Hybrid system of accounting - interest accrued on investments chargeable to tax - Whether ITAT erred holding that the assessee can compute its income chargeable under the head business and profession under hybrid system of accounting when Sec.145 of the Act does not allow the assessee to follow such system of accounting - Decided in favor of assessee - HC

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Hybrid system of accounting - interest accrued on investments ...

High Court Permits Hybrid Accounting for Income Calculation Despite Section 145 of Income Tax Act Restrictions.

January 15, 2022

Case Laws Income Tax HC

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