2010 (12) TMI 472

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..... ory provision under Finance Act 1994 to follow a specific method of accounting like Income-tax under Section 145 of the Income-Tax Act, 1961 - Once an assessee opts to account for on cash basis, there is no mandate under law to press the assessee to change his method of accounting - Hence, waiver of pre-deposit of the balance demand during pendency of the appeal. - ST/1498/2010-SM(BR) - 686/2010 .....

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..... appeal, he prays that there may be waiver of pre-deposit during pendency of the appeal. 2. Ld. D.R. supports the order of ld. Adjudicating Authority. 3. Heard both sides and perused the records. 4. Ld. AR s argument appears to have force when there is no statutory provision under Finance Act 1994 to follow a specific method of accounting like Income-tax under Section 145 of the Income-Tax Ac .....

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