The Commissioner Of Income Tax (Central) v. K. V. Ramakrishna Rao

THE HON'BLE SRI JUSTICE V. RAMASUBRAMANIAN AND THE HON'BLE SMT. JUSTICE T. RAJANI I.T.T.A.No. 501 of 2017 JUDGMENT: (Per VRS,J) The Revenue has come up with the above appeal under Section 260A of the Income Tax Act, 1961 raising the following questions of law:

"1) Whether, on the facts and in the circumstances of the case, the order of the Tribunal is perverse? And

2) Whether, on the facts and in the circumstances of the case, the order of the Tribunal is correct in law in holding that the method of accounting adopted by the assessee is correct method of accounting?"

But, the very same questions of law were answered against the Revenue in the case of very same issue in I.T.T.No.436 of 2017 and batch, by an order, dated 18.07.2017. Therefore, following the same, this appeal is also dismissed.

Consequently, miscellaneous petitions if any pending in the appeal shall stand dismissed. No order as to costs. __________________________ V. RAMASUBRAMANIAN, J ____________ T. RAJANI, J.

7th August, 2017 cbs

THE HON'BLE SRI JUSTICE V. RAMASUBRAMANIAN  AND THE HON'BLE SMT. JUSTICE T. RAJANI I.T.T.A.No.501 of 2017 (dismissed) 7th August, 2017 cbs