Method of accounting - according to the Revenue, in respect of ...

Income Tax

August 12, 2015

Method of accounting - according to the Revenue, in respect of all the activities of the assessee, the accounting of income and expenditure should be under the same system, i.e. the assessee having adopted mercantile system of accounting, it cannot adopt accounting on cash basis in respect of sales of newspaper and advertisement revenue alone - contention of revenue is not correct - HC

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Method of accounting - according to the Revenue, in respect of ...

Income Tax

August 12, 2015

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