https://www.taxtmi.com/caselaws?id=209965 The Tribunal determined that the assessee followed the mercantile accounting system for interest income, emphasizing that interest on doubtful loans should not be treated as accrued income. The Assessing Officer's additions for interest on sticky loans were mostly deleted, as they did not constitute accrued income. The Tribunal upheld the decision, validating the accounting treatment and emphasizing the importance of real income in tax liability determination, especially concerning doubtful loan recovery. en-us Fri, 13 May 2011 00:00:00 +0530 Sat, 06 Jul 2013 13:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209965 The Tribunal determined that the assessee followed the mercantile accounting system for interest income, emphasizing that interest on doubtful loans should not be treated as accrued income. The Assessing Officer's additions for interest on sticky loans were mostly deleted, as they did not constitute accrued income. The Tribunal upheld the decision, validating the accounting treatment and emphasizing the importance of real income in tax liability determination, especially concerning doubtful loan recovery. Case-Laws Income Tax Fri, 13 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209965