https://www.taxtmi.com/caselaws?id=117806 The case involved issues regarding the recognition of interest income on bank deposits under the cash method of accounting, treatment of tax deducted at source (TDS) on accrued interest income, and credit for TDS in the assessment year. The Assessing Officer initially treated the entire accrued interest as income but the CIT (Appeals) ruled in favor of the assessee, allowing recognition of interest income on maturity and giving credit for the TDS amount. The Tribunal upheld the CIT (Appeals) decision, directing the Assessing Officer to implement it and dismissing Stay Petitions as unnecessary. en-us Thu, 18 Nov 2004 00:00:00 +0530 Tue, 26 Jun 2012 16:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117806 The case involved issues regarding the recognition of interest income on bank deposits under the cash method of accounting, treatment of tax deducted at source (TDS) on accrued interest income, and credit for TDS in the assessment year. The Assessing Officer initially treated the entire accrued interest as income but the CIT (Appeals) ruled in favor of the assessee, allowing recognition of interest income on maturity and giving credit for the TDS amount. The Tribunal upheld the CIT (Appeals) decision, directing the Assessing Officer to implement it and dismissing Stay Petitions as unnecessary. Case-Laws Income Tax Thu, 18 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117806