https://www.taxtmi.com/caselaws?id=241793 The Tribunal partly allowed the assessee's miscellaneous applications seeking rectification of a mistake in the order related to the taxability of interest receivable on advance paid to M/s Ceat Tires Ltd. The Tribunal emphasized the importance of verifying agreements and the accrual of income for tax assessment. The matter was remanded to the AO for fresh consideration to determine if the interest was waived by the assessee, setting aside the CIT(A)'s order and allowing the Revenue's appeal for statistical purposes. en-us Fri, 20 Dec 2013 00:00:00 +0530 Wed, 01 Jan 2014 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241793 The Tribunal partly allowed the assessee's miscellaneous applications seeking rectification of a mistake in the order related to the taxability of interest receivable on advance paid to M/s Ceat Tires Ltd. The Tribunal emphasized the importance of verifying agreements and the accrual of income for tax assessment. The matter was remanded to the AO for fresh consideration to determine if the interest was waived by the assessee, setting aside the CIT(A)'s order and allowing the Revenue's appeal for statistical purposes. Case-Laws Income Tax Fri, 20 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241793