https://www.taxtmi.com/caselaws?id=187571 The appeals were dismissed, and the orders of the Ld.CIT(A) were upheld, confirming the addition of interest on a notional basis for the assessment years in question. The court found that the assessee had not provided sufficient evidence to support their claim that interest income was not received due to disputes with loan parties. The court also determined that the legal precedents cited were not applicable to the case. Consequently, the additions made by the AO based on the mercantile system of accounting were upheld. en-us Fri, 30 Aug 2013 00:00:00 +0530 Tue, 29 Nov 2016 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187571 The appeals were dismissed, and the orders of the Ld.CIT(A) were upheld, confirming the addition of interest on a notional basis for the assessment years in question. The court found that the assessee had not provided sufficient evidence to support their claim that interest income was not received due to disputes with loan parties. The court also determined that the legal precedents cited were not applicable to the case. Consequently, the additions made by the AO based on the mercantile system of accounting were upheld. Case-Laws Income Tax Fri, 30 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187571