https://www.taxtmi.com/caselaws?id=20366 Interest on securities assessed on a receipt basis in earlier years and on an accrual basis for the assessment year in question was examined in the context of alleged double taxation. The Court noted that an amount brought to tax on accrual could not also have been received and taxed in the earlier years merely because the method of assessment changed. It therefore rejected the premise that double taxation necessarily arose from the switch in basis. As the questions were not seen as arising from the Tribunal's order, the Court declined to answer the reference. en-us Tue, 11 Jan 1994 00:00:00 +0530 Fri, 13 Nov 2009 15:26:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20366 Interest on securities assessed on a receipt basis in earlier years and on an accrual basis for the assessment year in question was examined in the context of alleged double taxation. The Court noted that an amount brought to tax on accrual could not also have been received and taxed in the earlier years merely because the method of assessment changed. It therefore rejected the premise that double taxation necessarily arose from the switch in basis. As the questions were not seen as arising from the Tribunal's order, the Court declined to answer the reference. Case-Laws Income Tax Tue, 11 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20366