https://www.taxtmi.com/caselaws?id=25146 The High Court of Madhya Pradesh upheld the Income-tax Appellate Tribunal's decision to include Rs. 27,006 of Krishi Upaj Mandi tax collected by the assessee as taxable income. The court found that the assessee did not follow the mercantile system of accounting, as required by law, and failed to challenge the Income-tax Officer's observation on the accounting method. Consequently, the court ruled in favor of the Department, affirming the addition of the tax collected and denying relief to the assessee. No costs were awarded in this case. en-us Mon, 21 Sep 1987 00:00:00 +0530 Mon, 25 Jan 2010 16:17:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25146 The High Court of Madhya Pradesh upheld the Income-tax Appellate Tribunal's decision to include Rs. 27,006 of Krishi Upaj Mandi tax collected by the assessee as taxable income. The court found that the assessee did not follow the mercantile system of accounting, as required by law, and failed to challenge the Income-tax Officer's observation on the accounting method. Consequently, the court ruled in favor of the Department, affirming the addition of the tax collected and denying relief to the assessee. No costs were awarded in this case. Case-Laws Income Tax Mon, 21 Sep 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25146