https://www.taxtmi.com/circulars?id=4896 Where State Financial Corporations change interest recognition from accrual under the mercantile system to cash basis, the Income-tax Department may accept the cash system for assessment if the Reserve Bank of India and IDBI are satisfied that the change is legal, valid and bona fide, and regulatory certification is taken into account by assessing officers. en-us Tue, 30 Jun 1987 00:00:00 +0530 Mon, 04 Aug 2008 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4896 Where State Financial Corporations change interest recognition from accrual under the mercantile system to cash basis, the Income-tax Department may accept the cash system for assessment if the Reserve Bank of India and IDBI are satisfied that the change is legal, valid and bona fide, and regulatory certification is taken into account by assessing officers. Circulars Income Tax Tue, 30 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4896