produce records and show that it had followed such changed
accounting method in the subsequent years. In the said decision , the Calcutta
High Court also ... demonstrate or satisfy us that due to the change of
accounting method adopted by the respondent/assessee, which is permissible
employ for the purpose of his trade, his own method of keeping accounts, and
for that purpose, to value ... stock-in-trade either at cost or market price.
3.A method of accounting adopted by the taxpayer consistently and
regularly cannot be discarded
specifically rejected the books of account of the appellant or the method of accounts adopted by the appellant?
(ii) Whether on the facts
system of accounting, keeps such interest amounts in a suspense account and does not bring these amounts to the profit and loss account, goes ... income only when it is actually received. Looking to the method of accounting so adopted by the assessee in such cases, the circulars which have
specifically rejected the books of accounts
of the appellant or the method of accounts adopted by the appellant?
ii. Whether on the facts
Excise Commissioner. They shall also be
responsible for the correct maintenance of accounts and collection of duty by
the officer-in-charge."
(emphasis supplied ... Under the scheme of the MTP Act and the MTP Rules, the method of
manufacture of medicinal preparations containing alcohol are thus classified
into
S. Ashok And Ors. vs The Tamilnadu Mercantile Bank Ltd. And ... on 16 November, 2004
T.Kumaravelu vs The Chief Executive Officer/ on 5 March, 2004
Author: P.D.Dinakaran
Union Of India (Uoi) Rep. By The Chief ... vs G. Ramachandra Reddy And Co. And
Madurai Ganesan vs The State Of Tamilnadu Rep on 12 January, 2004
Author: P.D
