Case Law Details
Case Name : CIT Vs. Annamalai Finance Ltd. (Madras High Court)
Related Assessment Year :
Courts :
All High Courts Madras High Court
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
RELEVANT PARAGRAPH
In the instant case, learned counsel for the Revenue is not in a position to demonstrate or satisfy us that due to the change of accounting method adopted by the respondent/ assessee , which is permissible in law as per the ratio laid down in (i) CIT Vs Match well Electrical (I.) Ltd. (2003) 263 ITR 227 (Bom) and (ii) Hela Holdings Pvt. Ltd. Vs CIT (2003) 263 ITR 129 (Cal), the Revenue suffered any loss or such a change of methodology attracts tax evasion. Concededly, the
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.