https://www.taxtmi.com/caselaws?id=99563 An assessee may change from the mercantile system to the cash system of accounting where the change is duly authorised, regularly followed, and not shown to be made for a mala fide purpose. Here, a board resolution confirmed by shareholders supported the alteration, and the Tribunal's factual findings were based on evidence and were not shown to be perverse. On that footing, the new accounting method was accepted for assessment, and the assessee was entitled to be assessed on the cash system. en-us Wed, 18 Jan 1978 00:00:00 +0530 Fri, 27 Jan 2012 17:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99563 An assessee may change from the mercantile system to the cash system of accounting where the change is duly authorised, regularly followed, and not shown to be made for a mala fide purpose. Here, a board resolution confirmed by shareholders supported the alteration, and the Tribunal's factual findings were based on evidence and were not shown to be perverse. On that footing, the new accounting method was accepted for assessment, and the assessee was entitled to be assessed on the cash system. Case-Laws Companies Law Wed, 18 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99563