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Income Tax

Change in accounting method - mercantile system to cash system -...

Assessee's Switch to Cash Accounting System Justified Due to Delays in Commission Payments.

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Income TaxNovember 11, 2011Case LawsHC

Change in accounting method - mercantile system to cash system - The explanation given by the assessee that there was always a gap between raising the debit note for commission and actual receipt of commission by cheque from the party is acceptable.... - HC

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