https://www.taxtmi.com/caselaws?id=39577 Lease rent from factory premises, assessable as income from property/business source under the 1922 Act, could not be forced onto an accrual basis where the assessee had adopted the cash system for that source and had not opted for mercantile accounting. The department could not rely on an earlier method of assessment to override the assessee's chosen basis. Section 10(2A) also did not apply because the sum was not shown to be a recovery of a loss, expenditure, deduction, or bad debt previously allowed. The disputed lease rent was therefore not taxable on either basis, and the reference was answered in favour of the assessee. en-us Wed, 28 Nov 1973 00:00:00 +0530 Mon, 19 Apr 2010 10:00:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39577 Lease rent from factory premises, assessable as income from property/business source under the 1922 Act, could not be forced onto an accrual basis where the assessee had adopted the cash system for that source and had not opted for mercantile accounting. The department could not rely on an earlier method of assessment to override the assessee's chosen basis. Section 10(2A) also did not apply because the sum was not shown to be a recovery of a loss, expenditure, deduction, or bad debt previously allowed. The disputed lease rent was therefore not taxable on either basis, and the reference was answered in favour of the assessee. Case-Laws Income Tax Wed, 28 Nov 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39577