Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1995 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1995 (12) TMI 83 - AT - Income TaxExtract: .......cantile system of accounting we hold that the year of assessment of the remission of liability is the year under appeal. We accordingly reject the contention of the assessee s counsel. 10. In the light of the above discussion, we reverse the findings of the CIT(A) and restore those of the Assessing Officer. 11. In the result, the appeal is allowed.
|