https://www.taxtmi.com/caselaws?id=233370 The Tribunal allowed the assessee's appeal regarding the non-accrual of the disputed amount billed to AP Transco, emphasizing income recognition when receipt is reasonably certain. However, the Tribunal dismissed the appeal concerning the classification of profit from the interest rate swap contract, affirming it as income from other sources rather than business income. As a result, the assessee's appeal was partly allowed, and the Revenue's appeal was dismissed. en-us Fri, 31 Aug 2012 00:00:00 +0530 Mon, 29 Apr 2013 07:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233370 The Tribunal allowed the assessee's appeal regarding the non-accrual of the disputed amount billed to AP Transco, emphasizing income recognition when receipt is reasonably certain. However, the Tribunal dismissed the appeal concerning the classification of profit from the interest rate swap contract, affirming it as income from other sources rather than business income. As a result, the assessee's appeal was partly allowed, and the Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233370