https://www.taxtmi.com/caselaws?id=63547 The Tribunal held that the interest on protested advances of Rs. 6,19,68,285 was taxable, following the Supreme Court decision in State Bank of Travancore v. CIT. The Tribunal emphasized that income accrued according to the accounts of the assessee must be taxed, rejecting arguments based on separate registers or circulars issued by the CBDT. The Commissioner (A)'s decision was overturned, and the interest on protested advances was deemed taxable, aligning with the ITO's assessment. en-us Thu, 06 Oct 1988 00:00:00 +0530 Mon, 31 Jan 2011 16:13:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63547 The Tribunal held that the interest on protested advances of Rs. 6,19,68,285 was taxable, following the Supreme Court decision in State Bank of Travancore v. CIT. The Tribunal emphasized that income accrued according to the accounts of the assessee must be taxed, rejecting arguments based on separate registers or circulars issued by the CBDT. The Commissioner (A)'s decision was overturned, and the interest on protested advances was deemed taxable, aligning with the ITO's assessment. Case-Laws Income Tax Thu, 06 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63547