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of <h1>Company permitted to switch accounting method to avoid double taxation, Court rules no violation, unanimous decision.</h1> <h3>Commissioner Of Income-Tax Versus Bikaner Trading Co.</h3> Commissioner Of Income-Tax Versus Bikaner Trading Co. - [1989] 180 ITR 286, 79 CTR 185, 45 TAXMANN 201 The High Court of Calcutta addressed a question regarding a company's change in accounting method from mercantile to cash system. The Tribunal allowed the change, citing a bonafide reason and directing the Income-tax Officer to impose necessary conditions to prevent double taxation. The Court found no violation of the Companies Act and ruled in favor of the assessee. The judgment was agreed upon by both judges.
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