https://www.taxtmi.com/caselaws?id=38429 The High Court affirmed the Tribunal's decision allowing the assessee to be assessed on the cash basis, following a legitimate change in accounting method from mercantile to cash basis. The Court found no malice in the change, noting consistent adherence to the new method and past acceptance by the tax department. Justice Sudhindra Mohan Guha concurred with this decision, directing each party to bear its own costs. en-us Wed, 18 Jan 1978 00:00:00 +0530 Tue, 06 Apr 2010 11:46:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38429 The High Court affirmed the Tribunal's decision allowing the assessee to be assessed on the cash basis, following a legitimate change in accounting method from mercantile to cash basis. The Court found no malice in the change, noting consistent adherence to the new method and past acceptance by the tax department. Justice Sudhindra Mohan Guha concurred with this decision, directing each party to bear its own costs. Case-Laws Income Tax Wed, 18 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38429