https://www.taxtmi.com/caselaws?id=62254 The Tribunal allowed the assessee's appeal for the assessment year 1990-91, stating that all receipts in profits per the Companies Act should be considered for Section 32AB deduction. However, the appeal for the assessment year 1989-90 was dismissed, upholding the computation of capital loss and addition of accrued interest. The decision reinforced the comprehensive income inclusion from the Companies Act for deductions under Section 32AB and treated accrued interest as capital outlay in capital loss computation. en-us Mon, 06 Mar 1995 00:00:00 +0530 Tue, 18 Jan 2011 18:05:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62254 The Tribunal allowed the assessee's appeal for the assessment year 1990-91, stating that all receipts in profits per the Companies Act should be considered for Section 32AB deduction. However, the appeal for the assessment year 1989-90 was dismissed, upholding the computation of capital loss and addition of accrued interest. The decision reinforced the comprehensive income inclusion from the Companies Act for deductions under Section 32AB and treated accrued interest as capital outlay in capital loss computation. Case-Laws Income Tax Mon, 06 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62254