https://www.taxtmi.com/caselaws?id=67087 The Tribunal partially allowed the co-operative society's appeal, ruling that only a specific portion of the interest income should be taxed. The Tribunal held that the interest accrued daily and yearly based on loan agreements, and only the interest accrued during the previous year should be taxed, not the total interest accrued over several years. The Tribunal emphasized that the right to receive interest arose from the loan agreements, not a court decree, and directed that only a portion of the interest income should be included in the total income. en-us Fri, 06 Sep 1985 00:00:00 +0530 Wed, 09 Mar 2011 10:26:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67087 The Tribunal partially allowed the co-operative society's appeal, ruling that only a specific portion of the interest income should be taxed. The Tribunal held that the interest accrued daily and yearly based on loan agreements, and only the interest accrued during the previous year should be taxed, not the total interest accrued over several years. The Tribunal emphasized that the right to receive interest arose from the loan agreements, not a court decree, and directed that only a portion of the interest income should be included in the total income. Case-Laws Income Tax Fri, 06 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67087