M/S THDC INDIA LIMITED, RISHIKESH,RISHIKESH vs. PCIT, DEHRADUN, DEHRADUN
In the result, appeal of the assessee is partly allowed
ITA 69/DDN/2024[2020-21]Status: DisposedITAT Dehradun24 Dec 2025AY 2020-21
Section 142(1)Section 143(2)Section 143(3)Section 234ASection 250Section 251(1)(a)Section 270ASection 80
carried forward from earlier years are outstanding for\n12 months and the same was required to be adopted for the purpose of\ncalculation of LPSC.\n3.8. The Appellant submits that the mercantile system of accounting does not\nwarrant taxation of hypothetical income and therefore revenue recognition must\nbe postponed when there is uncertainty of realization. As per the provisions
