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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Method of accounting following consistently should not be ...


Changing Accounting Methods Only if Revenue Benefits: Consistent Methods Shouldn't Change Just for Being "Incorrect.

February 16, 2013

Case Laws     Income Tax     HC

Method of accounting following consistently should not be disturbed because it was incorrect unless it could be shown that change in the method of accounting would result in gain for the Revenue - HC

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