Method of accounting.

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..... profession" or "Income from other sources" shall, subject to the provisions of sub-section (2), be computed as per either cash or mercantile system of accounting regularly employed by the assessee. .....

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..... b-section (1) has not been regularly followed by the assessee; or (c) income has not been computed as per the standards notified under sub-section (2). - Clause 276 of the Bill seeks to provide f .....

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