https://www.taxtmi.com/caselaws?id=117856 The Tribunal ruled in favor of the assessees, determining that the interest on retiral benefits should be taxed on an accrual basis from year to year, rather than entirely in the year of receipt. The adjustments made under Section 143(1)(a) were considered beyond the scope of prima facie adjustments, and the interest under Section 234B was to be recalculated based on the revised taxable income, including interest on an accrual basis. en-us Thu, 30 Sep 2004 00:00:00 +0530 Sun, 20 Jan 2013 20:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117856 The Tribunal ruled in favor of the assessees, determining that the interest on retiral benefits should be taxed on an accrual basis from year to year, rather than entirely in the year of receipt. The adjustments made under Section 143(1)(a) were considered beyond the scope of prima facie adjustments, and the interest under Section 234B was to be recalculated based on the revised taxable income, including interest on an accrual basis. Case-Laws Income Tax Thu, 30 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117856