Different method to calculate the Income from B & P

Either ways we should not risk our career. better to go for the present one though there is substitute method

I believe that ICAI should accept the substitute method as i see nothing wrong it. I think its logical method but i would like to know about any instances where the students are not given marks for following this method.

yes the method give same answer,but the view here i think is that, the profit and loss account are prepared by the assessee,and we the professionals are assumed to be calculating the tax using the profit and loss account given by them (when preparing p&lthe assessee might have included  his personal expenses to bring down the profit), so using the profit and loss account given by them we are expected to divide the heads of income and inadmissible expenses out of it, so the addition and deletion method, as we are expected to do that in professional life, we are expected to show our expertise in that method in exam too....this is purely my view for the doubt you have... enjoy..chao

I do agree that as we are professionals we have to follow the method which is prevailing. But i am talking from the exams point of view & not as professional.

yes the addition &deletion method is better..........