https://www.taxtmi.com/caselaws?id=181907 The Tribunal ruled in favor of the assessee in a tax dispute concerning interest on debtors for the assessment year 2008-09. It held that interest should only be taxed upon actual realization, not on an accrual basis, deleting an addition of Rs. 32,39,690. Additionally, the Tribunal dismissed the revenue's appeal on various other issues, emphasizing the principles of real income and requiring concrete evidence for tax additions to avoid double taxation. en-us Thu, 14 Jul 2011 00:00:00 +0530 Wed, 27 Apr 2016 13:27:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181907 The Tribunal ruled in favor of the assessee in a tax dispute concerning interest on debtors for the assessment year 2008-09. It held that interest should only be taxed upon actual realization, not on an accrual basis, deleting an addition of Rs. 32,39,690. Additionally, the Tribunal dismissed the revenue's appeal on various other issues, emphasizing the principles of real income and requiring concrete evidence for tax additions to avoid double taxation. Case-Laws Income Tax Thu, 14 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181907