Change in Accounting Method Mandated under Ind AS Notified by MCA not Amounts to Inconsistency: ITAT on DLF’s Case

ITAT ruled that adopting IND-AS accounting standards mandated by MCA doesn't constitute inconsistency in accounting methods. In DLF's case, the tribunal held that statutory changes in accounting policies can't be treated as voluntary changes that would invite tax scrutiny. This provides relief to companies transitioning to new accounting standards under regulatory requirements.