https://www.taxtmi.com/caselaws?id=60963 The Tribunal upheld the addition made by the Assessing Officer concerning the change in accounting method from mercantile to cash basis for commission income from Majestic Auto Ltd. The Tribunal found that the selective change was not justified as the nature of services remained the same, and the change only applied to income from one principal. It concluded that the change appeared to be a tax avoidance device, and the assessee failed to provide a reasonable cause for the change. Consequently, the first ground of the assessee's appeal was rejected. en-us Wed, 24 Nov 1993 00:00:00 +0530 Mon, 10 Jan 2011 11:45:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60963 The Tribunal upheld the addition made by the Assessing Officer concerning the change in accounting method from mercantile to cash basis for commission income from Majestic Auto Ltd. The Tribunal found that the selective change was not justified as the nature of services remained the same, and the change only applied to income from one principal. It concluded that the change appeared to be a tax avoidance device, and the assessee failed to provide a reasonable cause for the change. Consequently, the first ground of the assessee's appeal was rejected. Case-Laws Income Tax Wed, 24 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60963