1. Whether the Income Tax Appellate Tribunal was correct in
law in setting aside the Commissioner of Income Tax (Appeals)
order wherein it was held that the method of accounting
followed by the assessee in the past and accepted in earlier
assessment years is such that correct income cannot be properly
detected from the accounts and the Assessing Officer was
justified in invoking the provisions of First Proviso to Section
145(1) of the Income Tax Act, 1961?
2. Whether the Income Tax Appellate Tribunal was correct in
ITA Nos.159 & 326/2010 Page 1
law in holding that sale price in respect of constructed/built up
properties should not be accounted for at the time of handing
over the possession or conveyancing whichever is earlier?
Source: Indian Kanoon