Method of Accounting - Section 145

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...."profits and gains of business or profession" or "Income from other sources" shall be computed in accordance with either cash or accrual system of accounting regularly employed by the assessee. * Th....

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.... followed by the assessee, or income has not been computed in accordance with the standards notified under section 145(2), the Assessing Officer may make an assessment in the manner provided in sectio....