Dismissing the appeal of the revenue the Tribunal held that; Interest on Government securities which has become due and payable alone can be considered as accrued and taxable. Merely because in the books of account the interest income which is not due and payable is shown, that itself will not give a right to the Ld. AO to tax unless it has become due and payable as per section 5 of the Act. (AY. 2008-09 to 2011-12)