reasoning on the second
aspect and applied the principle of 'Matching Concept' to support
this conclusion.
Civil Appeal ... matched with the
cost of resources consumed (expenses). For this reason, in the
opinion of the High Court, this matching concept is required
entire
expenditure in one year would give distorted picture and the
„matching concept‟ of income and expenditure would clearly be
attracted ... expenditure
were entirely two different aspects and he also submitted that
„matching concept‟ would not apply in the instant case as held in
Commissioner
already
recognized (accrued). In other words, it is not
based on matching concept. Under the matching
concept, if revenue is recognized the cost incurred ... warranty costs in its account for the
relevant year, otherwise the matching concept
fails. In such a case the second option is also
inappropriate. Under
receipts would accrue only in that year. He also
emphasized the matching concept highlighted by the Tribunal as
well as by the CIT (A) submitting ... respect thereof cannot be treated as
accrued. Secondly, it recognizes the matching concept, viz.,
receipts are to be matched income to arrive
unexplainable. Mr. Sabharwal, in this context ,
placed reliance upon the matching concept of accounting.
16. On the second issue it was contended by Mr. Sabharwal
matching
concept‟, so as to arrive at realistic figure of net profits/income on
which tax is to be paid. The concept of „matching concept
course of action would be admissible only if the principle of
matching concept is satisfied which was restricted to the cases of debentures. This
Court ... ensuing years, it can be allowed only
if the principle of matching concept is satisfied, which
upto now has been restricted to the cases
ensuing years, it
can be allowed only if the principle of matching
concept is satisfied, which upto now has been
restricted to the cases
enrolment process known as
‘UID Enrolment Proof-of-Concept Report’ studying enrolment
proof-of-concept in three rural areas of Karnataka, Bihar and
Andhra Pradesh ... published by the UIDAI. According to this report,
‘the biometric matching analysis of 40,000 people showed that
the accuracy levels achieved by both iris
Bachpan Bachao & Ors. vs Union Of India & Others on 24 December, 2010
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