Method of accounting - A switch over in the midst of financial ...

Taxpayer Must Justify Accounting Method Change; Allowed Only in Exceptional Cases to Avoid Income Computation Issues.

May 19, 2017

Case Laws Income Tax HC

Method of accounting - A switch over in the midst of financial year ought to be permitted by the authorities only in exceptional cases where the same poses no difficulty whatsoever in computing income and the switch over is justified. The burden to establish the same must rest heavily upon the assessee who desires the switch over in the midst of the financial year. - HC

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Method of accounting - A switch over in the midst of financial ...

Taxpayer Must Justify Accounting Method Change; Allowed Only in Exceptional Cases to Avoid Income Computation Issues.

May 19, 2017

Case Laws Income Tax HC

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