Change of method of accounting of overdue charges from mercantile basis to cash system does not create any income

RELEVANT PARAGRAPH

In the instant case, learned counsel for the Revenue is not in a position to demonstrate or satisfy us that due to the change of accounting method adopted by the respondent/ assessee , which is permissible in law as per the ratio laid down in (i) CIT Vs Match well Electrical (I.) Ltd. (2003) 263 ITR 227 (Bom) and (ii) Hela Holdings Pvt. Ltd. Vs CIT (2003) 263 ITR 129 (Cal), the Revenue suffered any loss or such a change of methodology attracts tax evasion. Concededly, the

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