INCOME TAX : where assessee, engaged in construction of flats, was consistently following completed contract method of accounting and said method had been accepted by revenue authorities in past, there was no justification on part of Assessing Officer to change same and to determine income of assessee on estimate basis in assessment year in question
from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000195078/ao-couldn’t-change-method-of-accounting-consistently-followed-by-assessee-to-determine-income-on-estimate-basis.aspx
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