2003 (1) TMI 278 - ITAT MADRAS-A - Income Tax

Extract:
.......tton and Silk Mills Co. Ltd. In view of this matter, we find that the Assessing Officer was justified in reopening the impugned assessments and further revising the income on the basis of accrual system. Therefore, these two issues are decided against the assessee-company. 17 to 28. These paras are not reproduced here as they involved minor issues.