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Liability arises on the date of accrual

Interest should be credited on the date of accrual. The occasion for some of the credits going to next accounting year should not arise at all. If there is a mistake by postponing the dates, that should not justify postponement of liability even under the cash system of accounting, because the amount has already accrued and should have been credited to the assessee's account. If there is a mistake, it will have to be rectified or ignored, since no advantage can be taken of such mistakes.

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