Dismissing the appeal of the revenue the court held that as thee departmental authorities failed to prove that changed method was not correct and it distorted profits of relevant year, new method of accounting could not be rejected. (AY. 2003-04)
CIT v. NCR Corporation (P.) Ltd. (2020) 274 Taxman 139 / 193 DTR 66 (Karn)(HC)
S. 145 : Method of accounting – Change in revenue recognisation method – Held to be justified .