https://www.taxtmi.com/caselaws?id=63577 The Tribunal allowed the appeal for statistical purposes, directing the AO to re-examine the taxability of interest on sticky advances in accordance with the CBDT Circular dated 9th October 1984, as upheld by the Supreme Court in UCO Bank vs. CIT. The AO was instructed to assess the interest amount only when actually received, provided it had not been received for three continuous years, and to afford the assessee an opportunity of being heard. en-us Tue, 28 Sep 1999 00:00:00 +0530 Mon, 31 Jan 2011 18:18:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63577 The Tribunal allowed the appeal for statistical purposes, directing the AO to re-examine the taxability of interest on sticky advances in accordance with the CBDT Circular dated 9th October 1984, as upheld by the Supreme Court in UCO Bank vs. CIT. The AO was instructed to assess the interest amount only when actually received, provided it had not been received for three continuous years, and to afford the assessee an opportunity of being heard. Case-Laws Income Tax Tue, 28 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63577