https://www.taxtmi.com/caselaws?id=261574 HC held that dual methods of accounting may be used to determine book profits and taxable income, deciding those questions in favour of the assessee. On bad debts and alleged double deductions under the proviso to s.36(1)(viia), the matter was remanded for assessment in line with higher-court authority, with a result recorded for revenue for statistical purposes. Claims for deduction of unrealized lease rentals from NPAs were rejected: the court ruled such rentals do not fall within s.43D's "income by way of interest," and disallowed their deduction, deciding that outcome in favour of the revenue. en-us Mon, 22 Sep 2014 00:00:00 +0530 Mon, 15 Sep 2025 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261574 HC held that dual methods of accounting may be used to determine book profits and taxable income, deciding those questions in favour of the assessee. On bad debts and alleged double deductions under the proviso to s.36(1)(viia), the matter was remanded for assessment in line with higher-court authority, with a result recorded for revenue for statistical purposes. Claims for deduction of unrealized lease rentals from NPAs were rejected: the court ruled such rentals do not fall within s.43D's "income by way of interest," and disallowed their deduction, deciding that outcome in favour of the revenue. Case-Laws Income Tax Mon, 22 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261574