https://www.taxtmi.com/caselaws?id=27530 Where an assessee followed the mercantile system of accounting and no change in that method was shown for the relevant year, amounts collected as rusum on commission sales of jaggery were treated as trading receipts when the sales were effected. On that basis, the collection formed part of taxable income for the assessment year 1970-71, and the issue was answered against the assessee and in favour of the Revenue. en-us Wed, 08 Feb 1984 00:00:00 +0530 Sat, 13 Feb 2010 13:42:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27530 Where an assessee followed the mercantile system of accounting and no change in that method was shown for the relevant year, amounts collected as rusum on commission sales of jaggery were treated as trading receipts when the sales were effected. On that basis, the collection formed part of taxable income for the assessment year 1970-71, and the issue was answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Wed, 08 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27530