https://www.taxtmi.com/caselaws?id=193382 For the accounting period ended 31 December 1933 the key issue is application of the mercantile basis of accounting: income must be computed according to the method regularly employed, so commissions accrued under the assessee's regular accrual accounts are taxable even if unpaid. A unilateral one off shift to a cash basis is ineffective unless the assessee satisfies the Commissioner with proper evidence that the regular basis has been changed. Consequently the commission for the half year is includible under the mercantile method, subject to any allowable bad debt claim when established. 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 For the accounting period ended 31 December 1933 the key issue is application of the mercantile basis of accounting: income must be computed according to the method regularly employed, so commissions accrued under the assessee's regular accrual accounts are taxable even if unpaid. A unilateral one off shift to a cash basis is ineffective unless the assessee satisfies the Commissioner with proper evidence that the regular basis has been changed. Consequently the commission for the half year is includible under the mercantile method, subject to any allowable bad debt claim when established. Case-Laws Income Tax Thu, 12 Mar 1936 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193382