https://www.taxtmi.com/caselaws?id=176678 A binding CBDT circular under section 119 was treated as controlling the tax treatment of interest on sticky advances and doubtful loans, so such interest was not brought to tax on accrual where the circular's conditions were met and the bank credited it to a suspense account. The commentary also notes that a forfeited dividend provision, treated as an appropriation of post-tax profits rather than a charge against profits, did not justify an addition, and the appellate relief deleting that adjustment was maintained. en-us Thu, 22 Jan 2015 00:00:00 +0530 Sat, 05 Mar 2016 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176678 A binding CBDT circular under section 119 was treated as controlling the tax treatment of interest on sticky advances and doubtful loans, so such interest was not brought to tax on accrual where the circular's conditions were met and the bank credited it to a suspense account. The commentary also notes that a forfeited dividend provision, treated as an appropriation of post-tax profits rather than a charge against profits, did not justify an addition, and the appellate relief deleting that adjustment was maintained. Case-Laws Income Tax Thu, 22 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176678