TMI Blog2010 (1) TMI 498X X X X Extracts X X X X X X X X Extracts X X X X ..... matter of allocation adopted in respect of the assessment years in question has been the same as it was during the past years. Held that - Tribunal had found that the method of accounting adopted by the assessee in relation to accounting of income two different activities had been the same, as it was during the past year and the method had been consistently accepted. It could not be changed in th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is engaged in financing of industrial units and also developing industrial estates in the State of Haryana. It recovers the entire development charges from the allottees of the plots/sheds which is an activity carried on with no profit no loss basis. The conflict between the parties had arisen in relation to allocation of certain expenses which are not incurred directly for any particular activity ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gy which has been accepted in the past. 3. Having heard learned counsel on the aforesaid issue, we find that the Tribunal has taken a correct view by applying the principle of consistency. It has rightly placed reliance on the judgment of the hon'ble Supreme Court rendered in the case of Radhasoami Satsang v. CIT [1992] 193 ITR 321 (SC). The hon'ble the Supreme Court in that case had negated the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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