Assessee cannot take advantage of accepted accounting for other periods after voluntarily disclosure of receipt of certain amount

Issue before court:

Whether ITAT was correct in upholding the order of CIT (A),who deleted addition made u/s 68 as undisclosed income, relying upon the assessment orders of another year and ignored the facts that assessee himself declared receipt of certain amount.

Brief facts of the case:

• The assessee during the relevant AY 2005-06 claimed benefit of Section 44AF of Income Tax Act and filed a return disclosing income of Rs. 2,15,292/-.

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