https://www.taxtmi.com/caselaws?id=65749 The Tribunal determined that commission income accrued to the assessee upon intimation by distributors, impacting relevant assessment years. Expenditure in the rice account was allowed for the assessment year 1975-76, as it accrued upon payment settlement. Additionally, Rs. 5,000 was added to the potato trading account for the same assessment year due to discrepancies in trading results. The Assessing Officer was directed to recompute total income for 1975-76, make necessary amendments, cancel reassessment for 1974-75, and allow the appeals. en-us Thu, 14 Sep 1978 00:00:00 +0530 Fri, 18 Feb 2011 15:41:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65749 The Tribunal determined that commission income accrued to the assessee upon intimation by distributors, impacting relevant assessment years. Expenditure in the rice account was allowed for the assessment year 1975-76, as it accrued upon payment settlement. Additionally, Rs. 5,000 was added to the potato trading account for the same assessment year due to discrepancies in trading results. The Assessing Officer was directed to recompute total income for 1975-76, make necessary amendments, cancel reassessment for 1974-75, and allow the appeals. Case-Laws Income Tax Thu, 14 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65749