https://www.taxtmi.com/caselaws?id=292642 A finding that an assessee kept accounts on the mercantile system is treated as a finding of fact unless it is shown to be unsupported by evidence or perverse; on the stated materials, the books and audit supported that conclusion, and no question of law arose. Timber sales credited during the accounting year were properly included in taxable profits where the sales had occurred earlier and were later recorded to avoid inclusion in that year. A flat-rate estimate of profits was also upheld because the same method had been applied in earlier years without objection. The application therefore disclosed only factual disputes and no referable question of law. en-us Thu, 28 Nov 1929 00:00:00 +0530 Sat, 02 Jan 2021 14:20:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292642 A finding that an assessee kept accounts on the mercantile system is treated as a finding of fact unless it is shown to be unsupported by evidence or perverse; on the stated materials, the books and audit supported that conclusion, and no question of law arose. Timber sales credited during the accounting year were properly included in taxable profits where the sales had occurred earlier and were later recorded to avoid inclusion in that year. A flat-rate estimate of profits was also upheld because the same method had been applied in earlier years without objection. The application therefore disclosed only factual disputes and no referable question of law. Case-Laws Income Tax Thu, 28 Nov 1929 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292642