https://www.taxtmi.com/caselaws?id=6693 Where agricultural income is computed under the assessee's regularly employed cash method, deductible expenditure must be allowed in the accounting year to which it relates. The statutory proviso permitting a different basis applies only when no regular method exists or the income cannot properly be deduced from that method. The Tribunal could not redistribute otherwise admissible expenditure over later years on fairness grounds, because the Act requires deduction in the relevant year and such apportionment would also prejudice the assessee's separate right to carry forward and set off loss. That portion of the Tribunal's order was therefore liable to be set aside in favour of the assessee. en-us Tue, 22 Mar 1966 00:00:00 +0530 Sun, 01 Feb 2009 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6693 Where agricultural income is computed under the assessee's regularly employed cash method, deductible expenditure must be allowed in the accounting year to which it relates. The statutory proviso permitting a different basis applies only when no regular method exists or the income cannot properly be deduced from that method. The Tribunal could not redistribute otherwise admissible expenditure over later years on fairness grounds, because the Act requires deduction in the relevant year and such apportionment would also prejudice the assessee's separate right to carry forward and set off loss. That portion of the Tribunal's order was therefore liable to be set aside in favour of the assessee. Case-Laws Income Tax Tue, 22 Mar 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6693