https://www.taxtmi.com/caselaws?id=38250 The company changed its accounting method from mercantile to cash basis. The Tribunal found the change was realistic and not in bad faith, allowing the company's appeal. The revenue's appeal was dismissed. The High Court affirmed, stating the change was bona fide, and interest income should be taxed based on actual receipts. Justice Banerji concurred with this decision. en-us Fri, 13 Jan 1978 00:00:00 +0530 Mon, 05 Apr 2010 11:43:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38250 The company changed its accounting method from mercantile to cash basis. The Tribunal found the change was realistic and not in bad faith, allowing the company's appeal. The revenue's appeal was dismissed. The High Court affirmed, stating the change was bona fide, and interest income should be taxed based on actual receipts. Justice Banerji concurred with this decision. Case-Laws Income Tax Fri, 13 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38250