E. D. Sassoon And Company Ltd vs The Commissioner Of Income-Tax,Bombay ... on 14 May, 1954
Ltd. v. CIT[1980] 4 Taxman 531 that the assessee had given different treatment to a particular transaction than the method followed by it generally which was mercantile. Therefore, the correct measure applied by the authorities below to bring out the position clearly is fully justified. In the rejoinder the learned counsel for the assessee submitted that it is not a particular transaction that the assessee has treated differently but the source with regard to which the assessee had followed a particular system for incorporating the receipts and there was no change noted so as to in any way affect the interest of the revenue adversely.