https://www.taxtmi.com/caselaws?id=171532 The High Court ruled that a sum alleged to have accrued as interest during the assessment year 2005-2006 was not liable for tax as the entitlement to the interest only arose after a court judgment on 4th December, 2006. The Court held that the right to interest crystallized post-judgment and was not taxable until then. The decision was based on the inchoate nature of the right to interest before the judgment. The appeal was dismissed as no substantial question of law arose from the matter. en-us Mon, 24 Sep 2012 00:00:00 +0530 Thu, 23 Jul 2015 10:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171532 The High Court ruled that a sum alleged to have accrued as interest during the assessment year 2005-2006 was not liable for tax as the entitlement to the interest only arose after a court judgment on 4th December, 2006. The Court held that the right to interest crystallized post-judgment and was not taxable until then. The decision was based on the inchoate nature of the right to interest before the judgment. The appeal was dismissed as no substantial question of law arose from the matter. Case-Laws Income Tax Mon, 24 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171532