https://www.taxtmi.com/caselaws?id=56397 The Tribunal allowed the appeals for statistical purposes, emphasizing that the choice of the accounting method should be left to the assessee. The Tribunal directed the Income Tax Officer to compute the income based on the cash method chosen by the assessee, rejecting the hybrid accounting system and upholding the assessee's right to select the method of accounting for computing income. en-us Fri, 25 Feb 1994 00:00:00 +0530 Fri, 03 Dec 2010 13:57:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56397 The Tribunal allowed the appeals for statistical purposes, emphasizing that the choice of the accounting method should be left to the assessee. The Tribunal directed the Income Tax Officer to compute the income based on the cash method chosen by the assessee, rejecting the hybrid accounting system and upholding the assessee's right to select the method of accounting for computing income. Case-Laws Income Tax Fri, 25 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56397