Aggrieved by that decision, the assessee has companye up in appeal to this Court.
In assessing the income tax of the assessee for the assessment year 1955 56, the very first assessment year under the Act, the department took into companysideration certain stocks of companyfee which it had gathered earlier than April 1, 1954, but sold during the financial year 1954 55.
This companytention was rejected by the authorities under the Act as well as by the High Court.
The assessee was maintaining his accounts according to the mercantile system.
S. Hegde, J. These are appeals try certificate by a companymon assessee.
The relevant assessment years are 1955 56 and 1956 57, the previous years ending on March 31, 1954, and March 31, 1955.
