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Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

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


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

November 11, 2011

Case Laws     Income Tax     HC

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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