Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
254] which states that under mercantile system of accounting what is receivable is brought into credit before its actually received. 3. Whether under the facts and circumstances of the case, the Ld. CIT(Appeals), Nagpur is justified in deleting the addition made on account of profit on sale of assets, without appreciating the fact that the assessee has not submitted