https://www.taxtmi.com/caselaws?id=193382 Income computed under a regularly followed mercantile system must be brought to tax on accrual, not on actual receipt. Commission earned during the half-year ended 31 December 1933 was therefore includible in income even though it had not been received in that accounting year, because the assessee had consistently maintained mercantile accounts. A selective attempt to treat only that period on a cash basis was not a genuine change in the regular accounting method. A departure from the established system is permissible only where a real change in method is proved by proper evidence. en-us Thu, 12 Mar 1936 00:00:00 +0530 Wed, 26 Jul 2017 16:24:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193382 Income computed under a regularly followed mercantile system must be brought to tax on accrual, not on actual receipt. Commission earned during the half-year ended 31 December 1933 was therefore includible in income even though it had not been received in that accounting year, because the assessee had consistently maintained mercantile accounts. A selective attempt to treat only that period on a cash basis was not a genuine change in the regular accounting method. A departure from the established system is permissible only where a real change in method is proved by proper evidence. Case-Laws Income Tax Thu, 12 Mar 1936 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193382