https://www.taxtmi.com/caselaws?id=11682 The High Court ruled in favor of the assessee, allowing the change in accounting method for cash assistance and duty drawbacks. The court held that maintaining a mixed system of accounting was permissible as long as there was no loss of income, which was the case here. The change was considered bona fide and did not prejudice the Revenue. The Department's argument against the selective change of accounting method was rejected, and the assessee's claim for an increase in loss due to the change was accepted. The court disposed of the reference without costs. en-us Wed, 11 Dec 2002 00:00:00 +0530 Fri, 05 Feb 2010 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11682 The High Court ruled in favor of the assessee, allowing the change in accounting method for cash assistance and duty drawbacks. The court held that maintaining a mixed system of accounting was permissible as long as there was no loss of income, which was the case here. The change was considered bona fide and did not prejudice the Revenue. The Department's argument against the selective change of accounting method was rejected, and the assessee's claim for an increase in loss due to the change was accepted. The court disposed of the reference without costs. Case-Laws Income Tax Wed, 11 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11682