Method of accounting - mercantile system of accounting for one ...

Assessees must consistently apply the mercantile accounting system across all projects; selective cash basis use is not allowed.

November 27, 2018

Case Laws Income Tax HC

Method of accounting - mercantile system of accounting for one project and cash basis for another project - The assessee cannot choose to follow mercantile system for all other projects and make a departure only for one of the projects by changing the system of accounting.

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Method of accounting - mercantile system of accounting for one ...

Assessees must consistently apply the mercantile accounting system across all projects; selective cash basis use is not allowed.

November 27, 2018

Case Laws Income Tax HC

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