The Tribunal held that there was no infirmity in the order of the Commissioner (Appeals) deleting the addition looking at the consistent accounting policy adopted by the assessee and offering it as income when the three years had elapsed. (AY.2007-08)
ACIT v. United Shippers Ltd. (2022) 97 ITR 94 (Mum) (Trib)
S. 41(1) : Profits chargeable to tax-Remission or cessation of trading liability-Transhipment charges-Outstanding for three years-Offered to tax in 2011-12-Justified in deleting. [S. 145]