Section 145A have disabled the assessee from frequently changing the method of valuation of the stocks

RELEVANT PARAGRAPH

13. It may be mentioned that provisions of section 145A were inserted by the Finance Act No. 2, 1998 w.e.f. 1-4-1999. It may be mentioned that prior to assessment year 1998-99 the entire provisions relating to method of accounting were contained in sec. 145 only. As per that sec. The income under the head ‘profits and gains of business’ or ‘other sources’ shall be computed in accordance with either cash or mercantile sy

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