https://www.taxtmi.com/caselaws?id=248761 The Tribunal allowed the assessee's appeal, setting aside the Commissioner (Appeals) order and deleting the addition of interest income of Rs. 1,98,33,263. The Tribunal held that since the interest was waived and not recognized by the other party, it did not accrue to the assessee, following the principle that hypothetical income cannot be taxed. The appeal was disposed of on its merits, and the alternative plea raised by the assessee became irrelevant. en-us Wed, 04 Jun 2014 00:00:00 +0530 Tue, 24 Jun 2014 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248761 The Tribunal allowed the assessee's appeal, setting aside the Commissioner (Appeals) order and deleting the addition of interest income of Rs. 1,98,33,263. The Tribunal held that since the interest was waived and not recognized by the other party, it did not accrue to the assessee, following the principle that hypothetical income cannot be taxed. The appeal was disposed of on its merits, and the alternative plea raised by the assessee became irrelevant. Case-Laws Income Tax Wed, 04 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248761