https://www.taxtmi.com/caselaws?id=23996 The court ruled in favor of the assessee on the issues related to the accounting system, deduction of excess closing balance of bills receivable, and allowance of gratuity under the cash system of accounting. It was established that the assessee maintained the cash system of accounting and was entitled to the deductions claimed. The court did not address questions regarding the treatment of statutory and contractual liabilities, emphasizing the significance of the findings by the Income-tax Appellate Tribunal in determining the accounting method followed by the assessee. en-us Thu, 27 Jul 1989 00:00:00 +0530 Fri, 15 Jan 2010 17:06:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23996 The court ruled in favor of the assessee on the issues related to the accounting system, deduction of excess closing balance of bills receivable, and allowance of gratuity under the cash system of accounting. It was established that the assessee maintained the cash system of accounting and was entitled to the deductions claimed. The court did not address questions regarding the treatment of statutory and contractual liabilities, emphasizing the significance of the findings by the Income-tax Appellate Tribunal in determining the accounting method followed by the assessee. Case-Laws Income Tax Thu, 27 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23996