https://www.taxtmi.com/caselaws?id=206663 A change from the mercantile system to the cash system was accepted as bona fide where the assessee had consistently followed mercantile accounting earlier, then shifted because commission income was credited after a time gap and substantial outstanding dues meant tax was being paid on amounts not actually received. The subsequent use of the cash system was followed consistently, supporting the genuineness of the change. The Revenue's challenge failed because the accounting change was found to be bona fide. en-us Mon, 17 Oct 2011 00:00:00 +0530 Thu, 10 Nov 2011 19:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206663 A change from the mercantile system to the cash system was accepted as bona fide where the assessee had consistently followed mercantile accounting earlier, then shifted because commission income was credited after a time gap and substantial outstanding dues meant tax was being paid on amounts not actually received. The subsequent use of the cash system was followed consistently, supporting the genuineness of the change. The Revenue's challenge failed because the accounting change was found to be bona fide. Case-Laws Income Tax Mon, 17 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206663