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2005 (2) TMI 81 - HC - Income TaxWhether the hybrid method/system of accounting was permissible; if permissible, then could its consequences be avoided or ignored and the first proviso to section 145, as it stood for the respective previous years 1986-87, 1987-88 and 1988-89, invoked for the purpose of holding that the income could not be deduced from such mixed accounting system. - In the present case, it is clear that the income can be deduced under the system maintained and was, in fact, deduced both by the Assessing Officer and the learned Tribunal. Therefore, the proviso to section 145, as it stood for the respective previous years, could not be resorted to and applied for the purpose of interfering with the system of accounting maintained by the assessee, in the absence of any finding that the accounts maintained were inaccurate or incomplete and that it was not possible to deduce the income therefrom.
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