https://www.taxtmi.com/caselaws?id=176705 The ITAT partially allowed the appellant's appeal, affirming the use of the cash method of accounting. It ruled that the additions of Rs. 24,03,33,662 and Rs. 77,95,691 based on interest accrual were unjustified and directed their deletion. The Tribunal also ordered the AO to recompute interest under Sections 234A, 234B, 234C, and 234D, ensuring no double taxation. en-us Fri, 02 Nov 2007 00:00:00 +0530 Thu, 23 May 2024 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176705 The ITAT partially allowed the appellant's appeal, affirming the use of the cash method of accounting. It ruled that the additions of Rs. 24,03,33,662 and Rs. 77,95,691 based on interest accrual were unjustified and directed their deletion. The Tribunal also ordered the AO to recompute interest under Sections 234A, 234B, 234C, and 234D, ensuring no double taxation. Case-Laws Income Tax Fri, 02 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176705