https://www.taxtmi.com/caselaws?id=61924 The Tribunal allowed the Revenue's appeal, ruling that the assessee's decision to receive interest in advance at a discounted rate extinguished the right to receive interest in subsequent years. Consequently, the entire interest amount was deemed assessable in the impugned assessment year, contrary to the apportionment proposed by the assessee and CIT (Appeals). en-us Fri, 06 Jul 2001 00:00:00 +0530 Mon, 17 Jan 2011 10:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61924 The Tribunal allowed the Revenue's appeal, ruling that the assessee's decision to receive interest in advance at a discounted rate extinguished the right to receive interest in subsequent years. Consequently, the entire interest amount was deemed assessable in the impugned assessment year, contrary to the apportionment proposed by the assessee and CIT (Appeals). Case-Laws Income Tax Fri, 06 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61924